Migrants Sent $6 Billion From India Back To Home Countries In 2016: Report

Migrants residing in India sent an estimated $5.6 Billion to family members in their home countries in 2016, according to new report by the Pew Research Center. Which also noted that $62.7 billion was sent back to India by foreign-based Indian workers.

The remittance number is based on calculations by the World Bank. Personal remittances are defined by the World Bank as “the sum of personal transfers and compensation of employees.”

In total, more than $5.68 billion of remittances flowed out of India in 2016.

The leading recipients of the exported remittances are people in Bangladesh, Nepal, and Sri Lanka, reflecting the growing size of Bangladeshi, Nepali, and Srilankan migration into India.

Top countries that received the most in remittances, funds flowed out of India:

  1. Bangladesh: $4,060,000,000
  2. Nepal: $971,000,000
  3. Sri Lanka: $524,000,000
  4. China: $39,000,000
  5. France: $14,000,000
  6. Malaysia: $11,000,000
  7. Germany $9,000,000
  8. Nigeria $9,000,000
  9. Burma (Myanmar) $8,000,000
  10. Kenya: $6,000,000
  11. United States: $6,000,000
  12. Saudi Arabia: $5,000,000
  13. United Kingdom: $4,000,000
  14. Australia: $3,000,000
  15. Bhutan: $3,000,000
  16. Japan: $3,000,000
  17. Canada: $2,000,000
  18. Uganda: $2,000,000
  19. Vietnam: $2,000,000
  20. Indonesia: $1,000,000
  21. Iran: $1,000,000
  22. Afghanistan: <$1,000,000
  23. Fiji: <$1,000,000
  24. Iraq: <$1,000,000
  25. Kazakhstan: <$1,000,000
  26. Kuwait: <$1,000,000
  27. Maldives: <$1,000,000
  28. Mauritius: <$1,000,000
  29. Portugal: <$1,000,000
  30. Russia: <$1,000,000

Remittance Flows In India, 2016: An estimated $62,744,000,000 in remittances was sent to India from other countries in 2016

The incoming outweighs the outgoing by a staggering amount. The United Arab Emirates, again at the top, is responsible for only $12.5 billion coming into India. United States is second with $10.6 billion.These are the top 30 countires:

  1. United Arab Emirates: $12,575,000,000
  2. United States: $10,657,000,000
  3. Saudi Arabia: $10,225,000,000
  4. Kuwait: $4,173,000,000
  5. Qatar: $3,769,000,000
  6. United Kingdom: $3,585,000,000
  7. Oman: $2,957,000,000
  8. Nepal: $2,744,000,000
  9. Canada: $2,617,000,000
  10. Australia: $1,768,000,000
  11. Bahrain: $1,216,000,000
  12. Sri Lanka: $1,151,000,000
  13. Singapore: $806,000,000
  14. Italy: $556,000,000
  15. New Zealand: $310,000,000
  16. Germany: $302,000,000
  17. Malaysia: $261,000,000
  18. France: $228,000,000
  19. Thailand: $179,000,000
  20. South Africa: $171,000,000
  21. Bhutan: $169,000,000
  22. Spain: $166,000,000
  23. Tanzania: $139,000,000
  24. Burma (Myanmar): $125,000,000
  25. Bangladesh: $114,000,000
  26. Japan: $105,000,000
  27. Sweden: $102,000,000
  28. Netherlands: $100,000,000
  29. Switzerland: $100,000,000
  30. Hong Kong: $93,000,000
Megan Batchelor

Megan BatchelorVerified account

Executive features editor at CEOWORLD Magazine
Executive features editor at The CEOWORLD magazine and lover of reality TV.I eat cereal for breakfast, lunch and dinner.
Megan Batchelor

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