This chapter examines the critical impact of remittances on families and economies in low and middle-income countries, with a focus on India as the largest recipient. It highlights the dynamics between different migrant worker profiles, their financial contributions, and the pressures they face in sending money home.
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)