Remittances to India

Global remittances to India fell by 2.1% in 2015 over 2014. This was the first annual fall since the global financial crisis of 2008.The biggest fall happened in inflows from the Gulf region, which accounts for 52% of total annual remittances. Falling oil prices have hurt the economies in most oil-dependent Gulf countries.Here are the seven largest sources of remittance, which together account for 99% of annual inflows.

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