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INDIA TOPS THE LIST OF REMITTANCE RECIPIENTS IN 2024: WORLD BANK💵 With an estimated inflow of $129 billion, India's remittances equals the annual budgets of 🇵🇰Pakistan ($67 billion) and 🇧🇩Bangladesh ($68 billion) combined, , a blog post by World Bank economists said on Wednesday
▪️It is also nearly double that of 🇲🇽Mexico, which took the second spot on the highest remittance list, followed by 🇨🇳China, 🇵🇭Philippines and Pakistan.
▪️Although Remittance increment is a sign of labor migration, but can also prove to be a positive, as workers can choose to stay there and develop India.
👉 The remittances received will help improve the lifestyle and infrastructure, which will further create new opportunities and adversely affect labor migration, in the
ongrowing Indian economy .
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