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February
22, 2021
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272 million people: as per the World Economic Forum’s 2020 Global Migration Report, that is the estimated number of international migrants worldwide. The report also highlights that migrants constitute a large majority of the population in most GCC countries. With such a large number of people living outside their countries of origin, and often away from their families, in search of better earnings, it begs the inevitable question- how much collective money is sent back to these nations on a yearly basis?
Remittances, which are essentially financial or in-kind transfers made by migrants to family and friends back home, have been empirically proven to add monetary value to an economy. In 2019 alone, two among the top five countries money was remitted to were India (US$83.1 billion) ....

United Arab Emirates , United States , Padmini Gupta , Majid Al Futtaim , Amandeep Singh , Milind Singh , World Economic Forum , Entrepreneur Middle East , Migration Report , Majid Al Futtaim Carrefour , South East , Financial Security , Middle East , Financial Services , Business Connect , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது மாநிலங்களில் , பத்மினி குப்தா , மஜித் அல் பூட்டைம் , மண்டீப் சிங் , மிலிண்ட் சிங் , உலகம் பொருளாதார மன்றம் , தொழில்முனைவோர் நடுத்தர கிழக்கு , இடம்பெயர்வு அறிக்கை , மஜித் அல் பூட்டைம் கேரிஃபோர் , தெற்கு கிழக்கு ,