That is really surprising…
Pakistan 4th largest source of remittances to India | Business Standard News
Surprising as it may seem, but Indians who have migrated to Pakistan are expected to remit back home a staggering $4.9 billion in 2015. This would make Pakistan the fourth largest source of India’s remittances this year, according to a new study by the World Bank.
Another interesting statistic the study throws out is that the Bangladesh-India corridor ranks third in the list of top migration corridors behind the Mexico-US and the Russia-Ukraine corridors. Bangladeshi migrants residing in India are expected to remit $4.6 billion back home in the current year.
Total remittance flows to India are expected to touch a staggering $72.2 billion in 2015, making it the highest recipient worldwide, says the World Bank’s Migration and Remittances Factbook 2016. China ranks second, with remittance flows expected to touch $63.9 billion, followed by the Philippines ($29.7 billion), Mexico ($25.7 billion) and France ($24.6 billion).