Remittances to India increased by about 69% in the last decade

According to the report released by the United Nation International Fund for Agricultural Development (IFAD) on “Sending Money Home: Contributing to the SDGs (Sustainable Development Goals), One Family at a Time”, over the past decade, remittances to Asia and the Pacific increased by 87 per cent, reaching US$244 billion, while migration grew by only 33 per cent in comparison. Asia remains the main remittance-receiving region, with 55 per cent of the global flows and 41 per cent of total migrants. Top receiving countries include India (US$63 billion), China (US$61 billion), the Philippines (US$30 billion) and Pakistan (US$20 billion). India registered a growth rate of about 69% in remittance flows during 2007-2016.

Remittance flows, reliance and 10-year growth rate per country ( Asia and The Pacific)

 

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