India crosses $100billion mark in remittances! What are inward remittances and will their uptrend continue? Explained – Times of India
India crosses the $100 billion mark in remittances! In the fiscal year 2019-20, which was an election year, India received remittances amounting to $83.2 billion. However, in the following year, 2020-21, the remittances slowed down to $80.2 billion, possibly due to the impact of the COVID pandemic. In the years 2014-15 and 2015-16, India received…