By: Radhakrishna N S
Among major remittance recipients in the globe, India retains its top spot, with remittances expected to total $80 billion this year, followed by China ($67bn), Mexico and the Philippines ($34bn each), and Egypt ($26bn), said the latest edition of the World Bank’s Migration and Development Brief, released on Saturday (8). As global growth is projected to moderate, future remittances to low- and middle-income countries are expected to grow moderately by four per cent to reach $549bn in 2019. Global remittances are expected to grow 3.7 per cent to $715bn in 2019. Remittances to low- and middle-income countries grew rapidly and…
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