Explanation:

This report provides data and analysis of remittances and migration trends for developing countries over the past decade, as well as the potential contributions of remittance families to reaching the SDGs by 2030.
The ‘One Family at a Time’ study by the UN International Fund for Agricultural Development (IFAD) said about 200 million migrants globally sent more than $445 million in 2016 as remittances to their families, helping to lift millions out of poverty.
Indians working across the globe sent home USD 62.7 billion last year, making India the top remittance-receiving country surpassing China.
India was the top receiving country for remittances in 2016 at $62.7 billion, followed by China ($61 billion), the Philippines ($30 billion) and Pakistan ($20 billion).
Asia is the highest originating region with 77 million migrants; with 48 million remaining within the region. Over the past decade, remittances to Asia and the Pacific increased by 87 per cent, reaching $244 billion, while migration grew by only 33 per cent in comparison.
Asia remains the main remittance-receiving region, with 55 per cent of the global flows and 41 per cent of total migrants.
IFAD
The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialised agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries.
It was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference.
Its headquarters is in Rome, Italy