Mumbai, May 14, (way2newstv.com):
The money from NRIs and abroad is reached to india in highest level.NRIs have sent $ 67 billion to India in 2017. A total of $ 256 billion of overseas Asian-Pacific countries have been sent to the region, the report said. According to a report released by the International Fund for Agricultural Development, 'Remote Scope-Remy Tense Markets and Operations-Asia and the Pacific', 53% of total payments across the world. As of 2008, it has grown by 4.87 per cent. These payments play a vital role in rural areas where poverty is high. However, the remittance distribution in this area is unequal. It is 10 times the size of the Asia-Pacific region from the overseas market, compared to the rest of the world. Of the 400 million people in the world, one out of ten people who have some sort of relation with this remittance have made 67 billion dollars in return for non-resident Indians, while China ranks second with 64 billion followed by Philippines with 33 billion. Pakistan and Vietnam are among the top ten. Out of these areas, 70 percent of these payments are available to the Asia-Pacific region.
67 BILLION DOLLARS TO INDIA IN 2017
These payments will go to 32 percent Gulf countries, 26 percent North America and 12 percent from Europe. The report reveals that by 2030, $ 6 trillion will be available to developing countries. Half of which will reach the Asia-Pacific region. Last year, Asian-Pacific migrant workers sent $ 256 billion to their families. These are. 320 million households, mainly in rural areas, are more likely to benefit. However, some of the terms that are outdated are obsolete. The report reveals that some of these payments are in the face of savings and investments. Most of the transactions are still in cash. However, 1 million transactions in the region have gone into the portal. 70 percent of these payments are for use only for eternity and the rest 30 per cent is used for future purposes.
