India continues to lead the way in Inbound remittances

Indians across the world remitted almost $73 billion to India to themselves, friends and relatives. This number is higher than last year figure of $70 billion. India continues to lead as the world’s No. 1 remittance destination according to Word Bank’s latest Migration Development Brief.

According to the report, NRIs would remit up to $85 billion a year by 2015. This surge in remittances is occurring despite the Indian rupee holding firm below resistance levels of Rs15 vs. Dh1 (Rs55 vs. $1).

All you NRIs in Dubai, keep the money rolling.

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