Growing Demand for Sending Money Overseas from the US
Sending money overseas to developing nations has become more common in recent years. As the world becomes globalized, people are able to communicate with others in distant countries within the matter of seconds. This has made international exchange more common that ever, and immigrants from developing nations have flown to the US where the job market is stronger and rate of pay higher. Continue reading What Are the Top Countries Receiving Remittances?
Family Sending Money to India Help to Bolster Indian GDP
As India continues to top the charts for money remittance, their economy is experiencing a healthy recovery. Money transfer to India has been a stabilizing force for their economy in a number of ways. In 2014 alone, $70 million American dollars were sent to India. Not only was this money a welcome contribution to households depending on money sent to them due to lost wages, this cash infusion has positively affected the Indian economy on a macro level.
Continue reading U.S. Workers Sending Money to India Encourage Foreign Growth
Money Remittance to India Continues to Soar
Anyone who wants to send money to India today is in for a treat – given the state of the economy as of May 2015, you can enjoy some of the best rates in the remittance industry. India topped the charts for the amount sent in remittances during 2014 with a total of $70.39 billion in transfers. China came in second with $54.14 billion, and the Philippines came in third with a much lower amount of $28.40 billion. Continue reading India Tops Remittance Charts, Again
India Receives Highest Amount Of Money Transfers
Remittances have become an incredibly popular practice in recent decades; they’ve even had a profound affect on global migration patterns. International migrants sent $529 billion in remittances in 2012, and India received more money in remittances than any other country on Earth; India reported an astonishing $70 billion in money transfers in India. While the Indian rupee is getting weaker, money entering the economy in the form of remittances from around the world enables India’s economic strength and power. Continue reading The Top Countries Sending Money Remittance to India