{"id":126261,"date":"2022-12-02T12:10:31","date_gmt":"2022-12-02T06:40:31","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=126261"},"modified":"2022-12-02T12:43:53","modified_gmt":"2022-12-02T07:13:53","slug":"india-to-receive-over-record-100-billion-in-remittances-in-2022","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/india-to-receive-over-record-100-billion-in-remittances-in-2022\/","title":{"rendered":"India to receive over record $100 billion in remittances in 2022"},"content":{"rendered":"\n<p><strong>India to receive over record $100 billion in remittances in 2022:<\/strong> India is on course to maintain its position as the top recipient of remittances, with migrant workers who are on track to send home a record amount of money this year. According to the World Bank&#8217;s Migration and Development brief, remittance flows to India are predicted to increase by 12 percent and hit $100 billion for the first time this year, way ahead of Mexico, China, and the Philippines. This will help India maintain its top spot.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-december-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">December 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>Remittances to India were enhanced by wage hikes and a strong labor market in the United States and other OECD countries. Remittances are an important source of income for households in low- and middle-income countries as it helps in reducing poverty and promoting resilience while also improves birth weight of newborns and school enrollment rates for older children. Remittances to low and middle-income countries&nbsp;increased by about 5 percent to over $626 billion in 2022. Growth is forecast to decrease even more to about 2 percent next year, according to a report released by the World Bank on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India to receive over record $100 billion in remittances in 2022: India is on course to maintain its position as the top recipient of remittances, with migrant workers who are on track to send home a record amount of money this year. According to the World Bank&#8217;s Migration and Development brief, remittance flows to India [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":126262,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4992],"tags":[74],"offerexpiration":[],"class_list":["post-126261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-december-2022","tag-bank-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/126261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=126261"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/126261\/revisions"}],"predecessor-version":[{"id":126263,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/126261\/revisions\/126263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/126262"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=126261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=126261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=126261"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=126261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}