India received $83 billion in remittances in 2020, says World Bank report
The Hindu
The report said India’s remittances fell by just 0.2% in 2020, with much of the decline due to a 17% drop in remittances from the United Arab Emirates
India received over $83 billion in remittances in 2020, a drop of just 0.2% from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report. China, which received $59.5 billion in remittances in 2020 against $68.3 billion the previous year, is a distant second in terms of global remittances for the year gone by, as per the latest World Bank data released on Wednesday. In 2019, India had received $83.3 billion in remittances.
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