The projection by the World Bank's latest Migration and Development Brief marks a dramatic slowing from 2022, when remittances to India grew by more than 24% to reach a record-high $111 billion. The reasons: slower growth in OECD and GCC economies, high base effect.
World Bank: Indian migrant workers from Singapore, other countries send home record $100 billion in 2022 newsindiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsindiatimes.com Daily Mail and Mail on Sunday newspapers.
A World Bank report published last week revealed that remittance flows to India from its migrant workers are on track to gain 12 per cent to reach a record USD100 billion for the year