India tops global remittances at $70 billion

[gslv mk3]

One can look at it like the countries with the most poor people...just sayin

And if one compare the number as percentage of population Bangladesh would be at....

Pakistan remittance growth rate is more than 11% though not sure about bangladesh

Source for 11% ?

 

[scholseys]

And if one compare the number as percentage of population Bangladesh would be at....



Source for 11% ?

we are all third world shit holes. but you have a supa powa inferirity complex.

 

[farhan_9909]

Source for 11% ?

Workers remittances rise 11% to $10.2bn in 8MFY14

 

[Indo-guy]

we are all third world shit holes. but you have a supa powa inferirity complex.

Oscar wilde - " while all of us are in gutters , some of us are looking at the stars "

Hopefully those who are looking at the stars will be out of the gutters faster ....

I pray that it happens to all of us !!!

 

[Skull and Bones]

Are you sure that its good news?

At least you're getting the money back, what they could have done in India anyway?

 

[gslv mk3]

we are all third world shit holes. but you have a supa powa inferirity complex.

We are a country of a billion people..We cant afford 'third world' inferiority complex.

 

[scholseys]

Oscar wilde - " while all of us are in gutters , some of us are looking at the stars "

Hopefully those who are looking at the stars will be out of the gutters faster ....

I pray that it happens to all of us !!!

day dreaming and looking at the stars have a big difference ...get access to mass toilets then speak.

 

[Koovie]

what they could have done in India anyway?

They could have stayed in India if there were better employment opportunities in India.

 

[gslv mk3]

day dreaming and looking at the stars have a big difference ...g

We are doing every thing we can.More than our neighbours.

 

[Indo-guy]

day dreaming and looking at the stars have a big difference ...get access to mass toilets then speak.

why .... ? did we shit in your mouth while we are looking at the stars ???

 

[IND151]

Yeah, but the difference in imports and exports is over 13 billion USD per month.. More than offsets the remittances

As long as our imports are much more than exports, this problem will continue.

Restricting gold import has been effective, but we need to pay serious attention to manufacturing.

There are several sick PSUs and shut down factories, we should restart them (give them to Indian companies who need to expand, increase production.)

We need new, much more effective manufacturing policy.

Last time I heard, GOI was considering to introduce policy which states 30% of the parts used in electronic items must be produced in India.

That policy needs to be implemented.

Yeah, but the difference in imports and exports is over 13 billion USD per month.. More than offsets the remittances

As long as our imports are much more than exports, this problem will continue.

Restricting gold import has been effective, but we need to pay serious attention to manufacturing.

There are several sick PSUs and shut down factories, we should restart them (give them to Indian companies who need to expand, increase production.)

We need new, much more effective manufacturing policy.

Last time I heard, GOI was considering to introduce policy which states 30% of the parts used in electronic items must be produced in India.

That policy needs to be implemented.

 

[Manindra]

day dreaming and looking at the stars have a big difference ...get access to mass toilets then speak.

Then what is purpose of creating Bangladesh
Bangladesh is our gutter, dump yard, slaughter house & main training centre for our Olympic shooters through pole vaulters.

 

[Srinivas]

we are all third world shit holes. but you have a supa powa inferirity complex.

Why not??

We have the potential and we are heading in that direction .... India is self sufficient and is making inroads into manufacturing.

What is wrong if India wants to be a super power??

 

[dawn_news]

The brief notes that while the medium-term outlook for remittances is strong, downside risks loom mainly from migrants' return to their home countries as a result of conflict or deportation from host countries. Last year saw an intensification of deportations, with more than 370,000 migrants sent back to their home countries from Saudi Arabia alone in the five months since November 2013.

Good news, every Indian should be deported from GCC countries.

 

[Yogi]

With such huge remittances per year, how does India still have a large Current Account Deficit?

Simply put Exports r way lower than imports plus nothing can stop Indians from buying gold.

Even after a 40% fall in gold import this year, its still a giant $33.5 billion this year(bcoz govt has tried to crub gold import to control CAD but it won't last forever).

If one removes gold import for the purpose of calculation of CAD(bcoz its more off an investment) than our CAD will turn out to be way lower.