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Half of remittances from Gulf nations went to India

  •   Mon, May 13 2013 04:14:08 PM

Dubai, May 13 (IANS): Nearly half of over $61 billion sent by expatriates in the Gulf countries in 2012 went to India, according to new data.

A total of $29.69 billion was sent as remittances by Indian expatriates living in the six Gulf Cooperation Council (GCC) states in 2012, the arabianbusiness.com reported Monday citing the World Bank's Migration and Development Brief.

The GCC comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).

The Indian remittances accounted for 49 percent of the total remittances sent from the Gulf nations last year.

The Gulf nations also accounted for 47 percent of the total remittances to India globally in 2012.

In all, India received remittances totalling $69 billion in 2012, followed by China ($60 billion), the Philippines ($24 billion), Mexico ($23 billion), and Nigeria and Egypt ($21 billion each).

Among other major recipients are Pakistan, Bangladesh, Vietnam, and Lebanon.
  

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Comment on this article

  • Umesh Mumbaikar, Uppala / Dubai

    Thu, May 16 2013

    Y only asian countries ???? There seems to be some error....... what about EU ., US and Canada... Statistician.. missed out these figures..????? let us have fair figueres

    DisAgree [1] Agree [2] Reply Report Abuse

  • Krishna, Mangalore

    Wed, May 15 2013

    India received $ 69 Billion from all countries, of which $ 29.69 billion came from Gulf countries, which is 43 % ( 29.69/69*100)and not 47% as reported.

    DisAgree [2] Agree [6] Reply Report Abuse


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