India received USD 70 billion in remittances in the year 2012, Government told Rajya Sabha today.
Overseas Indian Affairs Minister Vayalar Ravi gave the figure quoting a World Bank report. He was replying to a question on the issue.
India had received over USD 66.13 billion in remittances in the year 2011-12 while in 2010-11, the amount was USD 55.62 billion.
The remittances to the country through private transfer of funds have been on the rise in the last few years.
India received USD 53.63 billion in 2009-10 while in 2008-09, the amount was USD 46.9 billion.
