India Receives a Record $111 Billion in Remittances: What Does it Mean? | Vantage with Palki Sharma

India Receives a Record $111 Billion in Remittances: What Does it Mean? | Vantage with Palki Sharma

In a world first, Indians living abroad have set a major record by sending $111 billion back to the country as remittances. The remittances make up around 3% of India's GDP. Indians working high skilled jobs in developed nations now make up for 36% of the remittances received. This has helped boost the total amount of what the country receives in remittances annually. An assessment by the World Bank reveals that remittances to India will continue to rise in 2024, too. Notably, no other country has ever crossed the $100 billion mark in this domain. On Vantage, Palki Sharma analyses why this is a significant milestone.

---

India | Remittances | Record | World Bank | Firstpost | World News | Vantage | Palki Sharma

#india #remittances #record #worldbank #indianeconomy #gdp #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
​
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
   / @firstpost  

Follow Firstpost on Instagram:
  / firstpost  

Follow Firstpost on Facebook:
  / firstpostin  

Follow Firstpost on Twitter:
  / firstpost  

Follow Firstpost on WhatsApp:
https://www.whatsapp.com/channel/0029...