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How Much Indian NRIs Send Money Home?

Indians have a good habit of saving and this is the reasons NRIs have emerged as the highest sender of dollars back home and this data is backed by the statistics released by Kaushik Basu, Senior Vice President and Chief Economist of the World Bank said while releasing this report, “Remittances have become a major component of the balance of payments of nations. India led the chart of remittance flows, receiving $70 billion last year (2013), followed by China with $60 billion and the Philippines with $25 billion. “

Migrant Indian workforce sent remittances worth $70 billion (Rs 4 lakh 20 thousand crore) back home, beating countries like China and Philippines, which have traditionally been the toppers of this list and best part is that the major chunk of money is courtesy software sector which just shows that Indian IT professionals are the best and we can feel proud that our NRIs brethren and free Indian Stock Tips website salutes them.

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