Consider the following statements regarding the World Bank’s 2024 data on global remittances:
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India received USD 129 billion in remittances in 2024, making it the top recipient among Low and Middle-Income Countries (LMICs).
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The global remittance inflow growth rate in 2024 was lower than in 2023.
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The surge in India’s remittances is largely due to the recovery in job markets in High-Income Countries (HICs) within the OECD.
Which of the above statements is/are correct?
1
Only 1 and 2
2
Only 1 and 3
3
Only 2 and 3
4
Only 3
5
All are correct