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In Context
- According to a World Health Organisation report, India received 87 billion dollars in remittances in 2021.
About the report
- According to the report , in 2021 the top five remittance recipients in current US dollars were India, China, Mexico, the Philippines and Egypt.
- The first WHO World report on the health of refugees and migrants said that today about one in eight people in the world, some one billion, are migrants.
- Remittances are expected to continue growing in 2022, but there are challenges, such as the COVID-19 crisis, which still poses one of the greatest risks to flows to low- and middle-income countries, especially as fiscal stimulus programmes in migrant destination countries cannot continue indefinitely.
- key contributing factors are
- the willingness of migrants to support their families in times of need, together with the fiscal stimuli and employment support programmes implemented in the United States and European destination countries, which provided many migrants with the financial wherewithal to increase support to their families at home.
Remittance
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Source:ET
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