2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IMF
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WHO
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World Bank
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RBI
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Detailed explanation-1: -Third, notwithstanding sharp decline in remittances to Maharashtra in 2020- 21, it has emerged as the top recipient state along with Delhi apart from the traditional states of Kerala and Tamil Nadu which have witnessed gradual decline in recent years.
Detailed explanation-2: -GCC’s price support policies kept inflation low in 2022, and higher oil prices increased demand for labor, enabling Indian migrants to increase remittances and counter the impact of India’s record-high inflation on the real incomes of their families.
Detailed explanation-3: -Data from the RBI Remittances Survey, 2021 shows that the four leading countries in sending remittances to India are the US, the United Arab Emirates (UAE), the UK and Singapore. Together, the four account for as much as 54 percent of India’s remittance inflows.