New Delhi: India received over USD 111 billion in remittances in 2022, the largest in the world, becoming the first country to reach and even surpass the USD 100 billion mark, the United Nations migration agency has said.
The International Organisation for Migration (IOM), in its World Migration Report 2024 launched this week, said that in 2022, India, Mexico, China, the Philippines and France were the top five remittance recipient countries.
“India was well above the rest, receiving more than USD 111 billion, the first country to reach and even surpass the USD 100 billion mark. Mexico was the second-largest remittance recipient in 2022, a position it also held in 2021 after overtaking China, which historically had been the second-biggest recipient after India,” the report said.
According to the report’s data, India was the top country receiving remittances in 2010 (USD 53.48 billion), 2015 (USS 68.91 billion), and 2020 (USD 83.15 billion), with the remittances crossing the USD 100 billion mark to reach USD 111.22 billion in 2022. Also, India came in 13th as the destination country for immigrants, with 4.48 million.
