Coronavirus: World Bank says remittances to India likely to decline by 23% in 2020
Shortpedia
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The World Bank has warned that the remittances to India are likely to drop by 23 per cent from $83 billion last year to $64 billion this year due to the coronavirus pandemic, which has pushed the global economy towards recession. As per the report by the World Bank, Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis induced by the pandemic and shutdowns.
