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Remittances
Remittances are transfers from migrants to their families in their home country. India is the world’s largest recipient of remittances, much of it from workers in the Gulf, the US and the UK.
Why It Matters
Remittances support millions of families and help finance India’s trade deficit.
In India
India received well over $100 billion in remittances a year in recent years, a lifeline for states like Kerala.
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