India’s $100 billion remittance bonanza has a secret
Finshots Daily
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Kerala - The Third Phase of Migration
In 2014, 36% of Kerala's net state domestic product was due to remittances. By 2018, that had fallen to just 19%. Perhaps there aren't as many opportunities opening up in the blue collar industry. While India celebrating the $100 billion bonanza, Kerala may not be the biggest beneficiary.
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