Explanation:

According to UN International Fund for Agricultural Development (IFAD), Indians working across the world had sent home USD 62.7 billion in 2016 making India the top remittance receiving country surpassing China. The study is the first ever study conducted that analysed a 10-year trend in migration and remittance flows over the period 2007-2016.

In the period between 2007 and 2016, India has surpassed China to become the world’s largest receiver of remittances. Asia remains the main remittance-receiving region with 55% of the global flows. This increase in remittances is expected to lift millions out of poverty and in attaining the Sustainable Development Goals (SDGs). Top Remittance Receiving Countries: India (USD 62.7 billion), China (USD 61 billion), the Philippines (USD 30 billion) and Pakistan (USD 20 billion).