2023-12-20 10:49:58
According to a recent report by the World Bank, India has seen a significant increase in expatriate remittances, with a large portion of the money coming from the United Arab Emirates (UAE). The report indicates that more than 10 lakh crore rupees have been sent to India by the diaspora, reflecting a substantial influx of funds from overseas.
The news has been making waves in the business community, with outlets like Oneindia Malayalam and Mathrubhumi reporting on the significant impact of expatriate money flow. The report has shed light on the contributions of the Indian diaspora, highlighting their crucial role in the country’s economy.
The influx of expatriate investment has been a welcome development for India’s economy, with businesses and financial institutions taking note of the substantial funds flowing into the country. The numbers reported by NEWS 360 and BUSINESS Kerala Kaumudi indicate that expatriate investment has exceeded 10 lakh crore rupees, reflecting the scale of the financial contributions being made by the diaspora.
One of the key findings of the report is that a large portion of the expatriate remittances is coming from the UAE, further solidifying the strong economic ties between the two countries. Additionally, MyFin Point has reported that India leads in diaspora money flow, showcasing the significant developments in the financial landscape.
The report has also highlighted that most of the arrivals contributing to the expatriate money flow are from the UAE. This news has been met with enthusiasm and attention from both the business community and the public, as it reflects the strong financial connections between India and the UAE.
Overall, the report by the World Bank has underscored the significant gains made by India in terms of expatriate remittances, with the country emerging as a leader in diaspora money flow. The substantial contributions from the Indian diaspora, particularly from the UAE, have positioned India as a key recipient of expatriate investment, further solidifying its position in the global financial landscape.
#UAE #assisted #India #big #gains.. #expatriate #money #flows #in.. #World #Bank #Report #Oneindia #Malayalam