IOM Remittances Report 2024 | India Breaks Record | UPSC | Drishti IAS English

Описание: India received over USD 111 billion in remittances in 2022, marking a significant milestone as the first country to surpass the USD 100 billion threshold, according to the United Nation. Migration agency, the International Organization for Migration (IOM). In its World Migration Report 2024, the IOM revealed that India was the top recipient of remittances in 2022, with Mexico, China, the Philippines, and France rounding out the top five. The report highlighted the steady growth of remittances to India over the years. In 2010, India received USD 53.48 billion in remittances, which grew to USD 68.91 billion in 2015, USD 83.15 billion in 2020, and ultimately USD 111.22 billion in 2022. This influx of funds is largely driven by a significant number of migrant workers from Southern Asia.

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