Importance of Remittances in Indian Economy: An Assessment
Remittances, Underdeveloped and Developing Nations, Balance of Payments(BoP), Disposable income.
The importance of remittances has been analysed in this paper. Remittances can play a very important role in shaping an economy specially for underdeveloped and developing nations. In Indian context, over the years it has became a very important element in India's BoP. It plays more significant role in the economy of some states like Kerala, Maharashtra and Karnataka. India is the largest receiver of remittances for past few years. It plays a duel role in any economy, on one side it boost the internal economy of nation by increasing household disposable income and so the demand and on the other hand it improves the external sector of the nation's economy.
"Importance of Remittances in Indian Economy: An Assessment", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.5, Issue 10, page no.251 - 254, October-2020, Available :https://ijsdr.org/papers/IJSDR2010033.pdf
Volume 5
Issue 10,
October-2020
Pages : 251 - 254
Paper Reg. ID: IJSDR_192625
Published Paper Id: IJSDR2010033
Downloads: 000347435
Research Area: Engineering
Country: -, -, -
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
