INSUBCONTINENT EXCLUSIVE:
Global remittances are expected to grow 3.7 per cent to $715 billion in 2019, said World Bank.India is expected to receive a total
remittance of $80 billion in 2018, said the latest edition of the World Bank's Migration and Development Brief, released on Saturday."Among
major remittance recipients, India retains its top spot, with remittances expected to total $80 billion this year, followed by China ($67
billion), Mexico and the Philippines ($34 billion each), and Egypt ($26 billion)," the brief said."As global growth is projected to
moderate, future remittances to low and middle-income countries are expected to grow moderately by 4 per cent to reach $549 billion in 2019
Global remittances are expected to grow 3.7 per cent to $715 billion in 2019."According to the brief, remittance flows rose in all regions
and was driven by a stronger economy and employment situation in the US and a rebound in outward flows from Gulf Cooperation Council (GCC)
countries and the Russian Federation.For the latest News Live Updates on Election Results from each assembly constituency in Madhya
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