Apr 152016

largest remittance recipient

India retained its position as the world’s largest recipient of remittances from abroad in 2015 by attracting $69 billion despite experiencing a $1 billion drop from the previous year, the first decline since 2009, the World Bank said.

According to the recent report, Other large remittance recipients in 2015 were China, with $64 billion, the Philippines ($28 billion), Mexico ($25 billion) and Nigeria ($21 billion).

Contributed By Sonia Narula

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