India remains World’s Top Remittance Recipient in 2021: World Bank

The World Bank (WB) has released a report titled ‘Migration and Development Brief 36, May 2022: A War in a Pandemic: Implications of the Ukraine crisis and COVID-19 on Global Governance of Migration and Remittance Flows’. In accordance to this, India has emerged as the largest remittance receiving country globally in 2021 worth $89.4 billion as compared to $82.73 billion in 2020.

It is followed by Mexico at 2nd place and China at 3rd, Philippines (4th), and Egypt (5th).