Remittances
Patralekha Chatterjee | Remittances at a new high, but there’s a dark side too
India’s inward remittances may account for only 3.4 per cent of the country’s GDP but it is the highest recipient of remittances globally.
India highest recipient of remittances at USD 79 billion in 2018: World Bank
China (USD67 billion), Mexico (USD36 billion), Philippines (USD34 billion), and Egypt (USD29 billion), followed India.
Yes Bank slapped with Rs 38 crore in GST fines for violating norms
A bank official, however, said the money has been paid "in protest" and the lender believes that it has not violated any norms.
India receives USD 69 bn remittances in 2017; retains top slot
India has retained its position as the top remittances receiving country with its diaspora sending about USD 69 billion back home.
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