Updated By: LatestGKGS Desk
India Becomes World’s Largest Remittance-Receiving Country In 2017
India Becomes World’s Largest Remittance-Receiving Country In 2017- Details, About
According to 2017 report, 'RemitSCOPE - Remittance markets and opportunities - Asia and the Pacific', India has become the largest remittance-receiving country in the world
India was the largest remittance receiving country in the world with US $69 billion in 2017, according to a report remittances to the Asia-Pacific region amounted to $256 billion last year
Top five remittance receiving countries in 2017 in the world were India ($69 billion), China ($64 billion) and the Philippines ($33 billion), Pakistan ($20 billion), and Vietnam ($14 billion).
RemitSCOPE
RemitSCOPE is a product of the International Fund for Agricultural Development's (IFAD) Financing Facility for Remittances (FFR). It is an online tool providing regional, subregional and country-level data and market analysis.
International Fund for Agricultural Development (IFAD)
Formation: 1977
Headquarters: Rome, Italy
President: Gilbert Houngbo
