India top recipient of remittances in 2015

New Delhi, March 9 (IANS) India was the top recipient of remittances in 2015, the government said on Wednesday citing the World Bank.

“According to the World Bank Migration and Remittances Factbook, 2016, India is the top recipient of remittances in the world for the year 2015,” Minister of State for External Affairs V.K. Singh said in reply to a question in the Lok Sabha.

He said that, according to information received from the Reserve Bank of India, the amount of remittances to India in 2013-14 was $69.6 billion and in 2014-15 the figure reached $69.8 billion.

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