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Remittance: India tops the world
March 24, 2008
India received a whopping $27 billion in remittances, beating China and Mexico to become the top country for such inflows, the World Bank has said in its latest report.
The inward remittances to India has more than doubled from about $12.89 billion in 2000 to $27 billion in 2007.
In 2006, inward remittances were $25.43 billion, while the outward flow constituted around $1.58 billion.
Xavier Paul of the Los Angeles Dodgers shops as he visits the Great Wall March 14, 2008 on the outskirts of Beijing, China. | Photograph: Guang Niu/Getty Images
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