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India Receives $125B in Remittances, Tops Global Charts: World Bank Report

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India leads global remittances, receiving $125B in 2023, according to a World Bank report. Skilled Indian workers in the US, UK, and Singapore contribute significantly to the growth, with the UAE being the second largest contributor. Remittance growth is expected to soften in 2024 due to global inflation and low growth prospects.

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