{"id":1966,"date":"2018-12-09T08:30:54","date_gmt":"2018-12-09T08:30:54","guid":{"rendered":"http:\/\/192.163.207.100\/~timesku1\/news\/?p=1966"},"modified":"2018-12-09T08:37:08","modified_gmt":"2018-12-09T08:37:08","slug":"india-tops-remittances-list-with-80-billion","status":"publish","type":"post","link":"https:\/\/timeskuwait.com\/news\/india-tops-remittances-list-with-80-billion\/","title":{"rendered":"India tops remittances list with $80 billion"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/192.163.207.100\/~timesku1\/news\/wp-content\/uploads\/2018\/12\/jpeg.jpg\" alt=\"\" class=\"wp-image-1967\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">India retains the top spot as the country receiving the largest amount in remittances in 2018 with $80 billion being sent home by the diaspora, a World Bank report said on Saturday. It is followed by China ($67 billion), Mexico and the Philippines ($34 billion each), and Egypt ($26 billion). India has been a top country in terms of remittances as the large diaspora in the Gulf and other countries send money home.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The recent floods in Kerala in August is likely to have boosted remittances to India , as migrants sent financial help to families back home, according to the World Bank\u2019s Migration and Development Brief.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Remittances to south Asia are projected to increase by 13.5% to $132 billion in 2018, a stronger pace than the 5.7% growth seen in 2017. The upsurge is driven by stronger economic conditions in advanced economies, particularly the United States, and the increase in oil prices having a positive impact on outflows from some GCC countries, such as the United Arab Emirates, which reported a 13% growth in outflows for the first half of 2018.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bangladesh and Pakistan experienced upticks of 17.9% and 6.2% in 2018, respectively. For 2019, it is projected that remittance growth for the region will slow to 4.3% due to a moderation of growth in advanced economies, lower migration to the GCC and the benefits from the oil price spurt dissipating.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The World Bank estimates that officially recorded remittances to developing countries will increase by 10.8% to reach $528 billion in 2018. This new record level follows robust growth of 7.8% in 2017. Global remittances, which include flows to high-income countries, are projected to grow by 10.3% to $689 billion.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"text-align:right\"><em>Source: Times of India<\/em><a href=\"http:\/\/timeskuwait.com\/Times_India-tops-remittances-list-with-80-billion#reply-form\">S<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India retains the top spot as the country receiving the largest amount in remittances in 2018 with $80 billion being sent home by the diaspora, a World Bank report said on Saturday. It is followed by China ($67 billion), Mexico and the Philippines ($34 billion each), and Egypt ($26 billion). India has been a top [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1966","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India tops remittances list with $80 billion - TimesKuwait<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timeskuwait.com\/news\/india-tops-remittances-list-with-80-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India tops remittances list with $80 billion - TimesKuwait\" \/>\n<meta property=\"og:description\" content=\"India retains the top spot as the country receiving the largest amount in remittances in 2018 with $80 billion being sent home by the diaspora, a World Bank report said on Saturday. 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