India's highest amount of remittances comes from the gulf

India gets the highest amount of remittances in the world at roughly $70 billion, almost three times the amount of FDI that comes into the country.

India's highest amount of remittances comes from the gulf
India gets the highest amount of remittances in the world at roughly $70 billion, almost three times the amount of FDI that comes into the country. Where does all this money come from? Data shows that the bulk of remittances come from three different categories of countries: Middle Eastern monarchies such as Qatar, Western developed nations such as the US or Australia, and next door neighbors such as Bangladesh and Nepal. By far the largest amount comes from the Gulf countries -Qatar, Bahrain, Oman, Saudi Arabia, and Kuwait -which sent a combined $32.7 billion, almost half of all remittances received.


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Business News › NRI › Forex and Remittance › India's highest amount of remittances comes from the gulf
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