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The Importance of Remittances in India and South Asia

In: Emerging Asia

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  • Sasidaran Gopalan

Abstract

Despite the notable improvements in the economic climates and growth prospects of many developing economies in Asia, poverty remains a complex and persistent issue confronting policymakers. Poverty estimates published by the World Bank in 2008 reveal that in 2005 nearly 1.4 billion people in the developing world were living on less than USD 1.25 a day.2 While acknowledging that there has been considerable progress in reducing poverty levels – the corresponding numbers in absolute poverty were about 1.9 billion in 1981 – much remains to be done to ensure that the benefits of economic growth are more evenly distributed, in order to eradicate poverty worldwide.

Suggested Citation

  • Sasidaran Gopalan, 2011. "The Importance of Remittances in India and South Asia," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Emerging Asia, chapter 20, pages 116-122, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-30627-1_20
    DOI: 10.1057/9780230306271_20
    as

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