Context:
India received $111 billion in remittances in 2022: World Migration Report 2024
Key Findings:
- International remittances have recovered from the dip in 2020 due to the COVID-19 pandemic.
- Since the mid-1990s,international remittances have greatly surpassed official development assistance levels defined as government aid designed to promote the economic development and welfare of developing countries
- They have also recently overtaken foreign direct investment.
- Gulf states remain significant destinations for migrant workers from around the world.
- 2022 FIFA World Cup further underscored the importance of migrant labour to the subregion, as well as putting a spotlight on rights violations.
- Most of the migrants in GCC are from India, Egypt, Bangladesh, Ethiopia and Kenya.
- Countries in the GCC are among the largest sources of remittances globally, as per the report.
- Saudia Arabia, Kuwait and Qatar are the leading nations.
Findings on India:
- India was the highest recipient of remittances from abroad at $111 billion in 2022.
- India is the 1st to reach and even surpass the $ 100 billion mark
- India is also the origin of the largest number of international migrants in the world (nearly 18 million)
- Large diasporas are present in – United Arab Emirates (UAE), US and Saudi Arabia
- India had a slightly higher share of female immigrants than males.
- Countries with a significantly high proportion of male emigrants include India, Bangladesh and Pakistan.
Source: The Hindu
Previous Year Question
International Labour Organization’s Conventions 138 and 182 are related to:
[UPSC Civil Service Exam – 2018 Prelims]
(a) Child Labour
(b) Adaptation of agricultural practices to global climate change
(c) Regulation of food prices and food security
(d) Gender parity at the workplace
Answer: (a)
