INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
Importance of Remittances in Indian Economy: An Assessment
Authors Name:
Ram Avatar Singh
Unique Id:
IJSDR2010033
Published In:
Volume 5 Issue 10, October-2020
Abstract:
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.
Keywords:
Remittances, Underdeveloped and Developing Nations, Balance of Payments(BoP), Disposable income.
Cite Article:
"Importance of Remittances in Indian Economy: An Assessment", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.5, Issue 10, page no.251 - 254, October-2020, Available :http://www.ijsdr.org/papers/IJSDR2010033.pdf
Downloads:
000337215
Publication Details:
Published Paper ID: IJSDR2010033
Registration ID:192625
Published In: Volume 5 Issue 10, October-2020
DOI (Digital Object Identifier):
Page No: 251 - 254
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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