WORLD MIGRATION REPORT
2024 - INTERNATIONAL RELATIONS
News: India received $111 billion in
remittances in 2022: World Migration Report 2024
What's in the news?
●
According to the United Nations’ latest World Migration Report, India was the highest
recipient of remittances from abroad at $111 billion in 2022.
Key takeaways:
●
Its remittance receipts were way ahead of its
closely ranked peers Mexico ($61.1
billion), China ($51 billion), Philippines ($38.05 billion) and France ($30.04 billion).
World Migration Report
2024:
●
The World Migration Report 2024 plays a crucial
role in elucidating the complexity of human mobility through evidence-based
data and analysis.
●
In an era marked by uncertainty, understanding migration dynamics is essential for
informed decision-making and effective policy responses.
●
The World Migration Report sheds light on
longstanding trends and emerging challenges.
Aim of the Report:
●
The IOM Report aims to help dispel myths, provide
critical insights, and inspire meaningful action in addressing the challenges
and opportunities of human mobility.
Key Findings from the
World Migration Report 2024:
1. Resilience of
International Migration and Remittances Amidst COVID-19:
●
International migration remains a driver of human
development and economic growth.
●
This is highlighted by a more than 650 percent increase in international remittances from
2000 to 2022, rising from USD 128 billion to USD 831 billion.
●
The growth
continued despite predictions from many analysts that remittances would
decrease substantially because of COVID-19.
2. Remittance to Low and
Middle-income Countries:
●
Of the 831 billion in remittances, 647 billion were
sent by migrants to low and middle-income countries.
●
These remittances can constitute a significant portion of those countries’
GDPs, and globally, these remittances now surpass foreign direct investment
in those countries.
Challenges Highlighted
by the Report:
Highlighting key findings, the report reveals that while international
migration continues to drive human development, challenges persist.
1. Unprecedented Levels
of Displacement:
●
The global population of international migrants
stands at approximately 281 million, while the number of individuals displaced
by conflict, violence, disasters,
and other factors increased to a record high of 117 million.
●
This underscores the pressing need to address
displacement crises urgently.
2. Misinformation and
Politicization:
●
Most migration is regular, safe, and regionally
focused, directly linked to opportunities and livelihoods.
●
Yet, misinformation and politicization have clouded
public discourse, necessitating a clear and accurate portrayal of migration
dynamics.
3. Conflict and Climate
Change:
●
Conflict and climate change are identified as the
primary factors driving global displacement.
●
The total
number of international migrants worldwide stands at approximately 281 million,
with 117 million being displaced, marking the highest level ever recorded.
Migration and India:
●
In India, climate
impacts notably influence internal migration from states like Rajasthan,
Uttar Pradesh, and Madhya Pradesh.
●
India hosts the largest number of international migrants, totalling 18
million, with significant populations residing in countries such as the UAE,
USA, and Saudi Arabia.
●
In 2022, India became the top recipient of
remittances, receiving over USD 111 billion, making it the first country to
surpass the USD 100 billion mark.
Go back to basics:
International
Organization for Migration (IOM):
●
The International Organization for Migration (IOM)
was established in 1951 and is part of the UN System.
Headquarters - Geneva, Switzerland.
Member Countries - 175 (including India)
Objectives:
●
Driving solutions to displacement and facilitating
pathways for regular migration.