World Bank report on migration and development, which country has topped the foreign remittance recipient list by receiving USD 89 billion?

• A. China
• B. India
• C. Russia
• D. Mexico

Answer: (B)

India topped the list in the world receiving USD 89 billion in remittance followed by Mexico at USD 54 billion, and China at USD 53 billion last year. The officially recorded remittance flows to low- and middle-income countries (LMICs) are expected to increase by 4.2 percent this year to reach USD 630 billion.