2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$9 billion
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$189 billion
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$89 billion
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$59 billion
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Detailed explanation-1: -Notably in 2021, India had received $89.4 billion in remittances, according to the World Bank report, which then made India the top recipient globally.
Detailed explanation-2: -India received 87 billion dollars in remittances in 2021, the top remittance recipient, and way ahead of countries like China and Mexico, according to a World Health Organisation report released on Wednesday.
Detailed explanation-3: -The US has surpassed the UAE as the top source of remittances to India, with its share rising to 23.4 percent in 2021 from 22.9 percent in 2017. The UAE’s share has fallen from 26.9 percent to 18 percent.
Detailed explanation-4: -With $87 billion, India was the top remittance recipient among low- and middle-income countries, as per 2021 estimates, way ahead of China and Mexico’s 53 billion dollars, the Philippines (36 billion dollars) and Egypt (33 billion dollars).