Remittance To India

North America had a high share of remittances before the global financial crisis

India's remittances from the Gulf saw a steep decline during the pandemic. But it was offset by a jump in remittances from the US. Let's understand the changing dynamics of inward remittances

Overall, remittances to the Asia-Pacific region will drop 12% in the second half of 2020 compared with the same period last year, Fitch Ratings said this month

The northern state houses 21 of the top-50 districts from where most low-skilled Indians go overseas for employment, followed by Bihar with seven; Kerala has only one

India tops the list of nations that remit earnings - nearly $83 billion remitted in 2019 - according to the World Bank

The oil prices have been ruling firm following output cuts by oil cartel OPEC and other geopolitical factors, including looming US sanctions against Iran coupled with strong market demand

Remittances to India picked up sharply by 9.9 per cent, reversing the previous year's dip, but were still short of USD 70.4 billion received in 2014

Gulf countries are the primary destination for Indian workers going abroad, the UN report said