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India receives record breaking remittance of US$70 billion in 2012

India receives record breaking remittance of US$70 billion in 2012

This information was shared by the Overseas Indian Affairs Minister Vayalar Ravi  in the Parliament of India, and he had quoted this number from a World Bank report.

India had received over $ 66.13 billion in remittances in the year 2011-12 while in 2010-11, the amount was $ 55.62 billion.   The remittances to the country through private transfer of funds have been on the rise in the last few years.      India received $ 53.63 billion in 2009-10 while in 2008-09, the amount was $ 46.9 billion

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India receives record breaking remittance of US$70 billion in 2012

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