International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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EMIGRATION, REMITTANCES AND ITS IMPACT ON INDIAN ECONOMY

    1 Author(s):  SUDHAVENI NARESH

Vol -  6, Issue- 2 ,         Page(s) : 94 - 110  (2015 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

Migration is not a new phenomenon but globalization has reinforced it. Earlier, it was perceived as burden rather than as an agent of economic development. Recently, migration is growing interest among scholars because it emerged as important subject in international scenario. Emigration have been viewed as the main source of remittances as emigrants send their earnings back to origin country and India is the best example for it. India is the highest remittance-receiving country in world with USD 70 billion in 2012. Over 25 million Indian diaspora is spread across the world and India has been a source of emigrants for many countries for a long period. They are contributing to both the economies in origin and destination. Indian emigrants are playing a significant role in the economic growth and development of the country by transferring remittances and knowledge.

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