Overseas Indians send $22 Billion home


Though overseas Chinese, not to mention overseas Filipinos and Mexicans, are much more famous for sending cash home, Indians now lead the world in this category. According to the World Bank, cash remittances from Indians abroad have more than doubled since 1995, and totalled $22 billion last year.

A recent JPMorgan report says the diaspora is becoming "a powerful catalyst in helping India realise - perhaps even exceed - its aspiration toward 10 percent annual GDP growth."

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