Global Remittance Trends
In 2024, India led as the top recipient of remittances globally, receiving more than $137 billion, making it the only country to surpass the $100 billion mark. This is followed by Mexico, the Philippines, and France as top recipients.
- India's remittance growth:
- 2010: $53.48 billion
- 2015: $68.91 billion
- 2020: $83.15 billion
- 2024: $137.67 billion
Regional Remittance Distribution
South Asia experienced the highest growth in remittances at 11.8% in 2024, driven by strong inflows to India, Pakistan, and Bangladesh.
Remittance Sending Countries
High-income countries are the main sources of international remittances:
- United States: Over $100 billion in 2024
- Saudi Arabia: Over $46 billion
- Switzerland: Around $40 billion
- Germany: Nearly $24 billion
Internationally Mobile Students
Asian countries dominate in terms of internationally mobile students:
- China: Over 1 million students abroad
- India: Over 620,000 students abroad
Other notable countries include Uzbekistan, Vietnam, and Germany.
Migration and Development
The report emphasizes addressing the "brain drain" to "brain gain" transition, benefiting both origin and destination countries:
- India employs initiatives such as diaspora conventions and innovation hubs.
- China has the Thousand Talents Plan to attract overseas academics back home.
Internal Displacements in Asia
In 2024, the largest internal displacements in Asia were due to disasters:
- Philippines: Nearly 9 million disaster displacements, mainly due to typhoons
- India: Over 5 million displacements, primarily from floods and storms
- China: More than 3.9 million displacements, driven by Typhoon Yagi
Migration Corridors in Oceania
Australia houses significant migration corridors:
- UK to Australia: Just over 1 million migrants
- India to Australia: Around 876,000 migrants
- China to Australia: Around 656,000 migrants
Refugees and Asylum-Seekers in Australia
In 2024, Australia was home to:
- Nearly 30,000 refugees
- Over 91,000 asylum-seekers, primarily from Asia, including China and India
