India has once again emerged as the largest recipient of foreign remittances. Non-Resident Indians or NRIs sent a record 71 billion dollars home compared to 70 billion dollars last year. According to a Word Bank report on recent trends and outlook on Migration and Remittance Flows, NRIs are estimated to remit up to 85 billion dollars a year by 2015. The surge in remittances continues despite the recent decline in Rupees against the Dollar. The gulf countries account for nearly 40 per cent of remittances in India while it was 48 percent to South Asian countries. Dubai based former President of the Indian Business and Professional Council, IBPC, Bharat Butaney attributed the surge to a large number of blue collar workers and equally significant number of skilled Indian disapora in the gulf region and developed nations like the US. The two groups have consistently been a driving force in sending money back home. The President of the Dubai chapter of Global Overseas People of Indian Origin, GOPIO Kamal Vachani said that with a decline in the value of Rupee against the Dollar, foreign remittances are bound to go up as expatriate Indians take advantage of cheaper goods, services and assets. In the World Bank Report, India came as the top beneficiary with foreign remittances worth 712 billion dollars followed by China with 60 billion dollars and the Philippines which got 26 billion dollars. In the Middle East and North Africa region, Nigeria topped the list with 21 billion dollars while Egypt came second with foreign remittances worth 20 billion dollars being sent by expatriates.