Remittances to India set to hit record $100bn this year, 25% higher than FDI flows
NEW DELHI: Remittance flows to India are estimated to grow 12% to reach $100 billion for the first time this year— way ahead of Mexico, China and Philippines— according to World Bank’s Migration and Development brief, helping India retain the top position. The multilateral body said that several longer- and short-term trends that were obscured … Read more