Why Is India Getting So Much Money From Abroad? Remittance Explained
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Why Is India Getting So Much Money From Abroad? Remittance Explained
India is the world’s largest remittance-receiving country. When Indians working abroad send money back home, it is called remittance. For example, if someone in the US sends $1,000 to their family in India, the bank converts it into rupees, while the dollars add to India’s foreign currency pool. These dollars help India pay for imports like ...
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