India received $66.13 billion in remittances in 2011-12

[Bobby]

India received over USD 66.13 billion in remittances in the year 2011-12 as compared to USD 55.62 billion in the previous, a hike of 19 per cent.

"We have received USD 66.13 billion in remittances in 2011-12," Minister for Overseas Indian Affairs Vayalar Ravi said today in a written reply to a question in Lok Sabha.

The remittances to the country through private transfer of funds have been on the rise in the last few years.

India received USD 53.63 billion in 2009-10 while in 2008-09, the amount was USD 46.9 billion.

Quoting a recent study conducted by Reserve Bank of India, he said remittances from Gulf countries accounted for an average 27 per cent of the total remittances to India during the first half of 2009-10.

Listing initiatives to benefit overseas Indians, he said government has launched the "Mahatma Gandhi Pravasi Suraksha Yojana" to help in resettlement of the overseas Indians on their return to the country.

http://timesofindia.indiatimes.com/...mittances-in-2011-12/articleshow/16301000.cms

 

[TopCat]

Islamic countries are helping billion Indian to offset their current account deficit. Great gesture... and Thank you Arab.

 

[zynga]

Islamic countries are helping billion Indian to offset their current account deficit. Great gesture... and Thank you Arab.

india helped fellow bd muslims get freedom and escape death . thats why they are just repaying their gratitude.

 

[manojb]

10 bn extra should cover for MMRCA,
worry about falling rupees?

 

[Skull and Bones]

If they reduce the tax, then the amount can sky rocket.

 

[zip]

So we are adding half of whole bangladesh gdp yearly through remittance only ...thats amazing

 

[Bobby]

So we are adding half of whole bangladesh gdp yearly through remittance only ...thats amazing

That is 30% of Pakistan GDP....that too every year

 

[cloud_9]

If they reduce the tax, then the amount can sky rocket.

Which Tax are you talking about ?

Islamic countries are helping billion Indian to offset their current account deficit. Great gesture... and Thank you Arab.

Quoting a recent study conducted by Reserve Bank of India, he said remittances from Gulf countries accounted for an average 27 per cent of the total remittances to India during the first half of 2009-10.

But still carry on with the :a$$kissing:

 

[David James]

Islamic countries are helping billion Indian to offset their current account deficit. Great gesture... and Thank you Arab.

U mean Islamic countries are helping so called Hindu India ignoring poor Muslim countries?

Grow up, its no body helping anyone its just the business and Indians are welcomed at any part of the world because they are not terrorist but peaceful hardworking, and intelligent people.

 

[IndoCarib]

Islamic countries are helping billion Indian to offset their current account deficit. Great gesture... and Thank you Arab.

Majority of our remittances come from US, not gulf countries

 

[TopCat]

U mean Islamic countries are helping so called Hindu India ignoring poor Muslim countries?

Grow up, its no body helping anyone its just the business and Indians are welcomed at any part of the world because they are not terrorist but peaceful hardworking, and intelligent people.

And whats wrong saying "THANK YOU"

Just say it.............

Majority of our remittances come from US, not gulf countries

Yes bow to both East and West and say "THANK YOU"...

 

[IndoCarib]

And whats wrong saying "THANK YOU"

Just say it.............



Yes bow to both East and West and say "THANK YOU"...

China is second in getting remittances . They also get maximum remittances from US. Can you dare say the same to them ??

 

[Bobby]

And whats wrong saying "THANK YOU"

Just say it.............



Yes bow to both East and West and say "THANK YOU"...

Ok...Thank you all the Indians (NRI) who are sending this money to India....Happy now....

 

[TopCat]

China is the second in getting remittances . They also gets maximum remittances from US. Can you dare say the same to them ??

If they open a thread I certainly can ask. And if i dont dare you the brave man can dare... ;-)

 

[Foo_Fighter]

And whats wrong saying "THANK YOU"

Just say it.............



Yes bow to both East and West and say "THANK YOU"...

*Looks towards Bangladesh and says*

You are welcome