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Half of remittances from Gulf nations went to
India
Monday May 13, 2013 03:37:28 PM,
IANS
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Dubai: Nearly half of
over $61 billion sent by expatriates in the Gulf countries in 2012
went to India, according to new data.
A total of $29.69 billion was sent as remittances by Indian
expatriates living in the six Gulf Cooperation Council (GCC)
states in 2012, the arabianbusiness.com reported Monday citing the
World Bank's Migration and Development Brief.
The GCC comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and
the United Arab Emirates (UAE).
The Indian remittances accounted for 49 percent of the total
remittances sent from the Gulf nations last year.
The Gulf nations also accounted for 47 percent of the total
remittances to India globally in 2012.
In all, India received remittances totalling $69 billion in 2012,
followed by China ($60 billion), the Philippines ($24 billion),
Mexico ($23 billion), and Nigeria and Egypt ($21 billion each).
Among other major recipients are Pakistan, Bangladesh, Vietnam,
and Lebanon.
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