B.M. Kumaraswamy

India is on top of the world again. The latest World Bank Report on Global Remittances and Migration states that India has received again the largest amount of N.R.I. remittances among all the countries of the world. During the year 2011 Indian workers abroad have sent home a record breaking 58 billion dollars, which at the current exchange rate amounts to Rs 3,01,600 crore. In the year 2010 also India received the largest amount of N.R.I. remittances i.e. $54 billion or Rs 2,80,800 crore.

Top Five Recipients of Worker Remittances (In $ Billions)