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Why in the news?
According to the World Bank’s Migration and Development Brief, India has become the world’s largest recipient of Remittances, receiving USD 87 billion (a gain of 4.6 % from previous year) in 2021.
Key highlights:
Factors for Remittance Growth:
Projection for 2022:
Migration and Development Brief:
Remittance:
Additional information:
World Bank:
President: David Robert Malpass.
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