{"id":85852,"date":"2019-04-10T16:14:50","date_gmt":"2019-04-10T10:44:50","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=3536"},"modified":"2019-04-10T16:14:50","modified_gmt":"2019-04-10T10:44:50","slug":"india-highest-recipient-of-remittances-at-79-bn-in-2018-world-bank-2","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-highest-recipient-of-remittances-at-79-bn-in-2018-world-bank-2\/","title":{"rendered":"India highest recipient of remittances at $79 bn in 2018: World Bank"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>According to the World Bank\u2019s Migration and Development report,India has retained its position as the world\u2019s top recipient of remittances with its diaspora sending a USD 79 billion back home in 2018.India was followed by China,Mexico,Philippines and Egypt.<\/li><li>A foreign remittance is a transfer of money from a foreign worker to their family or other individuals in their home countries.<\/li><li>According to the report,remittances to low-and middle-income countries reached a record high of USD 529 billion in 2018,an increase of 9.6% over the previous record high of USD 483 billion in 2017.<\/li><li>The report said that increase in remittances was driven by stronger economic conditions in the United States and a pick-up in oil prices, which had a positive impact on outward remittances from some Gulf Cooperation Council(GCC) countries.<\/li><li>The Gulf Cooperation Council (GCC) is a regional inter-governmental political and economic bloc of Bahrain,Kuwait,Oman,Qatar,Saudi Arabia and the UAE.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>According to the World Bank\u2019s Migration and Development report,India has retained its position as the world\u2019s top recipient of remittances with its diaspora sending a USD 79 billion back home in 2018.India was followed by China,Mexico,Philippines and Egypt. A foreign remittance is a transfer of money from a foreign worker to their family or other&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-highest-recipient-of-remittances-at-79-bn-in-2018-world-bank-2\/\">Continue reading <span class=\"screen-reader-text\">India highest recipient of remittances at $79 bn in 2018: World Bank<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127,164],"tags":[3351,42,3350],"class_list":["post-85852","post","type-post","status-publish","format-standard","hentry","category-economy","category-international-relations-daily-factly-articles","tag-foreign-remittance","tag-india","tag-world-bank-report","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704857264},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/85852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=85852"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/85852\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=85852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=85852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=85852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}