Tag - remittance

Indian workers earn 120% more abroad: World Bank report


If you are planning to move abroad for a job, there is some good news for you.   The latest World Development Report by the World Bank states that it is more viable for Indians to move abroad.  According to the report, Indian workers see a 120% rise in their incomes outside India, while internal migration within India will...

NRIs remitted $107 billion to India in FY 2022-23


New York: Indians abroad have remitted a record $107.5 billion to the home country in the financial year 2022-23. The data of inward gross remittances was stated in the Indian Monetary Policy Committee Report released earlier this month. “External sector indicators have improved significantly. Foreign exchange reserves have rebounded from $524.5 billion on October 21, 2022...

Indian migrants to send home a record $100 billion in 2022: World Bank


Retaining its spot as the world's top recipient of remittances, migrant workers from India are set to send home a record USD 100 billion in 2022, despite global headwinds like rising prices.  In its latest Migration and Development Brief, World Bank said remittance flows to India will rise 12 percent, putting its inflows ahead of...