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India expected to receive total remittance of $80 bn in 2018

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Washington, Dec 8 (IANS) India is expected to receive a total remittance of $80 billion in 2018, said the latest edition of the World Bank’s Migration and Development Brief, released on Saturday.

“Among major remittance recipients, India retains its top spot, with remittances expected to total $80 billion this year, followed by China ($67 billion), Mexico and the Philippines ($34 billion each), and Egypt ($26 billion),” the brief said.

“As global growth is projected to moderate, future remittances to low and middle-income countries are expected to grow moderately by 4 per cent to reach $549 billion in 2019. Global remittances are expected to grow 3.7 per cent to $715 billion in 2019.”

According to the brief, remittance flows rose in all regions and was driven by a stronger economy and employment situation in the US and a rebound in outward flows from Gulf Cooperation Council (GCC) countries and the Russian Federation.

–IANS
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Redmi 7A to Go on Sale in India Today at 12 Noon on Flipkart and Mi.com

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Redmi 7A will be available for purchase in India later today. Xiaomi will conduct the sale at 12pm (noon) through Flipkart and Mi.com. To recall, the Redmi 7A was launched in the country earlier this month. The phone flaunts an HD+ display and comes with an octa-core Qualcomm Snapdragon 439 SoC. Other key highlights of the Redmi 7A include a 12-megapixel rear camera, up to 32GB of onboard storage, and a 4,000mAh battery. Xiaomi is aiming to take on the Samsung Galaxy M10 and Nokia 2.2 with the new Redmi phone.

The Redmi 7A price in India has been set at Rs. 5,999 for the 16GB storage variant, while its 32GB storage model is priced at Rs. 6,199. However, to attract customers, Xiaomi is offering a Rs. 200 discount on both Redmi 7A variants in the country for this month. This means the phone can be purchased for as low as Rs. 5,799.

The Redmi 7A sale will begin at 12pm (noon) IST today. It will take place through Flipkart and Mi.com.

 

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