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International Migration, Remittances and its Macroeconomic Impact on Indian Economy

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  • Singh, Sunny Kumar
  • Hari, K.S.

Abstract

This paper tried to study the impact of remittances on various macroeconomic and developmental aspects for the Indian economy. For this, the data regarding remittances and some of the macroeconomic variables like GDP, PFCE, GDFC, savings, FDI, FII, export, import and balance of trade deficit etc have been analyzed for the period 1971-2008. The study shows that remittances have been consistently increasing at very fast rate for the last 15 years which have significant implications on the above mentioned macroeconomic variables. Through this study, the importance of remittances as a source of external development finance has been discussed. At last, some of the regulatory frameworks governing the flow of remittances have also been discussed.

Suggested Citation

  • Singh, Sunny Kumar & Hari, K.S., 2011. "International Migration, Remittances and its Macroeconomic Impact on Indian Economy," IIMA Working Papers WP2011-01-06, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:9940
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    File URL: https://www.iima.ac.in/sites/default/files/rnpfiles/2011-01-06Sunny.pdf
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    References listed on IDEAS

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    1. Desai, Mihir A. & Kapur, Devesh & McHale, John & Rogers, Keith, 2009. "The fiscal impact of high-skilled emigration: Flows of Indians to the U.S," Journal of Development Economics, Elsevier, vol. 88(1), pages 32-44, January.
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    Cited by:

    1. Roy, Arup, 2023. "Nexus between economic growth, external debt, oil price, and remittances in India: New insight from novel DARDL simulations," Resources Policy, Elsevier, vol. 83(C).
    2. P. Jijin & Alok Kumar Mishra & M. Nithin, 2022. "Macroeconomic determinants of remittances to India," Economic Change and Restructuring, Springer, vol. 55(2), pages 1229-1248, May.

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