Past Issue | Volume | Volume 5,Issue 3,Sept,2018
A Conceptual Study of Remittance Market in India
1Dr. Swati Srivastava, 2 Shreyanshu Singh, 3Dr. Afeefa Fatima
Abstract:-
Remittances to India are money transfers from non-resident Indians employed outside the
country to family, friends or relatives residing in India. India is the world's top receiver of
remittances, claiming more than 12% of the world's remittances in 2015. Remittances to India
stood at US$68.968 billion in 2017 and India, indeed, has overtaken Mexico to become the
world‟s foremost remittance destination.In times of crisis, whether natural or man-made,
migrants tend to send more money to their families to help them survive or recover, whereas
foreign investment and lending tend to dry up. The main objective this study was to understand
the concept of remittance market in India.
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