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- W2184696267 abstract "Remittances are the major source of foreign exchange earnings to many developing economies namely- India, China, Mexico, and Philippines and hence play a vital role and contribution in the growth and development of developing nations. India has emerged as biggest receiver of remittances in the world and its remittances have touched an all time high figure of US $ 55 billion. How big is the NRI contribution? Remittances amounted to US $ 55 billion is more than two times the size of India’s annual defense budget. It is bigger than India’s Total IT exports and India’s annual trade with United States of America; and is the same as India’s annual trade with China (biggest trading partner of India). These numbers would get larger when you consider the large amount of hawala transactions that are illegal. The present paper deals with the emerging trends in regard to remittances inflow to India and major issues which are attached with remittances." @default.
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- W2184696267 date "2011-01-01" @default.
- W2184696267 modified "2023-09-27" @default.
- W2184696267 title "REMITTANCES AS A MAJOR SOURCE OF FOREX TO INDIAN ECONOMY" @default.
- W2184696267 hasPublicationYear "2011" @default.
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