How Does Remitting Money to India helps its Economy
Over the years, the amount of money sent home by Indian workers has increased gradually. India is expected to overtake other countries in the globe in retaining remittances by 12% more each year.
Challenges for Blue Collar Workers Sending Money Home
Money transfer services are a vital part of the economy, enabling people to send money to their loved ones in other countries. However, the traditional remittance industry is expensive and inefficient. As the global economy becomes more global, more and more people are sending money to their families in other countries. But there are many […]
10 Reasons Why Remittances are Important
The global flow of remittance is significant all over countries, thus including the south of Asia, as it is more significant than all other capital flows involved. The rural transformation does bolster further due to the effect of remittances on that of the rural areas. The reports of the World Bank of 2022 measure the […]
Remittances and Economic Development
One of the major sources of financial flows to developing nations over the past few decades has been the remittances of workers. While it is apparent that international money transfers impact recipient households that reduce poverty and smooth consumption, a crucial practical question is whether they also help impact recipient households that reduce poverty and […]