Indian citizens crossed the same billion dollars this year in the ocean

According to the World Bank, indigenous people who have crossed the coast have shifted the amount of $ 1 billion to their country this year, the highest amount of money to be sent by the people of any country living in foreign countries.

According to the World Bank's MicroStation and Development Brief, in the total amount of medium and medium income countries sent abroad from its citizens, a significant increase in the year 2018 is expected to reach a record level.

In this year, i.e., 2018, the overall reciprocity of developing countries is expected to rise by eight percent, which will reach $ 528 billion.

China receives the highest number of foreign exchange recipients from India since the seas, which received 67 billion this year, followed by Mexico and the Philippines, which received 34 billion and is followed by Egypt. Get $ 26 billion.

Pakistan is also among those countries whose huge source of exchange for exchange is after the exports sent by overseas citizens to their homes. Pakistan received $ 19 billion in total 2017 across the ocean cross-border Pakistanis.

According to the report, in the year 2018, the number of foreign countries received abroad has increased by nearly two percent to Bangladesh, which is much less than in Bangladesh. This increase in Bangladesh has remained almost eighteen.

India received $ 65 billion in 2017, which is likely to reach $ 80 billion to increase with 20% increase.

Predicting next year, the report said that the rate of increase in the deposits of Southeast Asian countries would be less than that year. According to the World Bank, due to oil prices in the developing countries, the rate of growth in Gulf countries and Gulf countries will be around 4 percent in foreign countries due to oil prices.

Pakistan's Prime Minister Imran Khan has said that if Pakistan decides its debt through all the Pakistani bank accounts, then Pakistan can get $ 40 billion in this year.

The World Bank said about the expenses of transferring money that at the end of transferring every two dollars per day, the average of six percent is spent on average. According to the World Bank's goals, by 2030, by reducing this expense, it has to be brought to three percent.

Mahmood Mohiuddin, senior vice-president of the World Bank's 2030 development agenda says the fee paid on a money transfer is much higher despite development in technology. He says that by creating an atmosphere of new methods and competitiveness, it can be reduced.

The fee to be transferred to Southeast Asia is less than the rest of the world's regions. The average fee for transferring money to Southeast Asia is five percent four percent.

Another factor has been identified in the report, which directly impacts the amount sent by overseas. The report states that the recruitment of laborers or less skilled persons is very high.

Dilliparthy, who is involved in the report designing expert, says that sometimes the recruitment amount is more than the two-year wages of the workers.

He said that this expense can be significantly increased by increasing productivity.