"India was well above the rest, receiving more than $111 billion, the first country to reach and even surpass the $100 billion mark," The report read. "Mexico was the second-largest remittance recipient in 2022, a position it also held in 2021 after overtaking China, which historically had been the second-biggest recipient after India.”
“With India estimated to have received more than $111 billion in 2022, it is by far the largest recipient of international remittances in the world and the first country to ever reach that figure,” the report noted.
The report also pointed out that Indians make up the largest international migrant group globally, with significant diasporas residing in countries such as the United Arab Emirates, Saudi Arabia and across the West.