International Journal of Social Science & Economic Research
Submit Paper

Title:
INTERNATIONAL MIGRANTS FROM INDIA AND REMITTANCES

Authors:
Amandeep Kaur, Smita Bhutani

|| ||

1Amandeep Kaur, 2Smita Bhutani
1Research Scholar, Centre of Advanced Study in Geography, Panjab University, Chandigarh
2Professor, Centre of Advanced Study in Geography, Panjab University, Chandigarh

MLA 8
Kaur, Amandeep, and Smita Bhutani. "INTERNATIONAL MIGRANTS FROM INDIA AND REMITTANCES." Int. j. of Social Science and Economic Research, vol. 3, no. 5, May 2018, pp. 1953-1962, ijsser.org/more2018.php?id=134. Accessed 2018.
APA
Kaur, A., & Bhutani, S. (2018, May). INTERNATIONAL MIGRANTS FROM INDIA AND REMITTANCES. Int. j. of Social Science and Economic Research, 3(5), 1953-1962. Retrieved from ijsser.org/more2018.php?id=134
Chicago
Kaur, Amandeep, and Smita Bhutani. "INTERNATIONAL MIGRANTS FROM INDIA AND REMITTANCES." Int. j. of Social Science and Economic Research 3, no. 5 (May 2018), 1953-1962. Accessed , 2018. ijsser.org/more2018.php?id=134.

References
[1]. Singh, K. S., & Hari, S. K. (2011) 'International Migration, Remittances and its Macroeconomic Impact on Indian Economy' Working paper Indian Institute of Management Ahmedabad, India.
[2]. RBI Monthly Bulletin, "Remittances from Overseas Indians: Modes of Transfer, Transaction Cost and Time Taken", December 2013.
[3]. World Bank. (2016) Personal Remittances received percent of GDP data retrieved from: https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?locations=IN (last accessed on 21-05-2018).
[4]. World Bank (2017) Migration and Remittances data. Retrieved from: http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migrationremittances-data (last accessed on 21-05-2018).
[5]. United Nation (2017). International Migration report. Retrieved from: http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migrationremittances-data (last accessed on 21-05-2018).

Abstract:
Globalisation has significantly influenced the international migration of people. It is estimated that there were 258 million international migrants in 2017. The largest number of international migrants resides in the USA followed by followed by Saudi Arabia, Germany, Russian federation and United Kingdom. India tops the list of with 16.59 million people living outside the country followed by Mexico. Indians have diversified global presence with gulf countries residing more than half of total international migrants from India. International migration involves not only movement of people across borders, but also flows of resources like capital, knowledge, skill etc. International migrants send remittances to their families and communities of origin. Remittances are an important source of family and national income and also are the largest source of external financing. The world bank estimated that officially recorded remittances to the developing world reached $466 billion in 2017 while global remittances including those to high income countries reached $613 billion (World Bank Report, 2017). The top five remittance recipient countries are India, China, Philippines, Mexico, Nigeria and Egypt. The remittance growth to India maintained its global leadership in 2017 with $69 billion inward remittances (World Bank Report, 2017). The present paper is an attempt to throw light, with the help of existing secondary data, on trends of remittance inflows in India and its role in the development of nation.