This chapter examines the crucial role of remittances sent by migrants to their home countries, highlighting their immense financial flow and influence on global economies. It emphasizes how these funds support families and communities, reshaping economic landscapes worldwide.
Each year millions of Indians go abroad to study and work. A lot of them end up sending money back home, a transfer known as remittances.
The money is a crucial source of household income in low and middle-income countries, according to the World Bank. India is the only country to have received more than 100 billion dollars through this route - but it comes at a loss of its human capital. We speak to Indian expats and economists to explore the effect of remittances on the Indian economy.
Presenter/ producer: Devina Gupta
(Photo: Closeup view of a man counting Indian currency. Credit: Getty Images)