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You are here: Home India Business India to overtake China, receive $70 b. remittance in 2012: World Bank

India to overtake China, receive $70 b. remittance in 2012: World Bank

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New Delhi: Remittances to India this year are likely to increase to $70 billion, the highest in the world, followed by $66 billion to China, the World Bank said in a report on November 21.

The sharp increase in remittances to India has come from the Gulf countries.

The total remittance flow to the developing countries is expected to touch $406 billion this year.