The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

India again received world's highest remittances in 2023, double that of China, finds report

News Snapshot:

On Monday, the World Bank released its latest “Migration and Development Brief” which lists the top five recipients as India, Mexico, China, the Philippines and Egypt. This is a mark-up of 13 percent from 2022’s $111 billion – an inflow that has significantly propelled the growth of remittances in South Asia as a whole (7.2 percent). New Delhi : India is likely to emerge as the largest recipient of foreign remittances again, totalling $125 billion in 2023, according to a new World Bank report. Last year, too, India, Mexico, China and the Philippines were the top four, but Egypt has…

Other China Tech Buzz: