Remittances from Gulf countries dropped sharply in FY21 due to Covid-19 - Economic Times

The decline in remittances from the Gulf countries during 2020-21 reflects a slower pace of migration and a larger presence of Indian diaspora in informal sectors which was hit the most during the pandemic period. As a result, the proportion of small size tra…

Mumbai: The share of inward remittances from Gulf nations dipped sharply during 2020-21 on account of the economic stress created by the COVID-19 pandemic, said an RBI article. On the other hand, adv… [+3838 chars]

full article...