Title: Relationship between real income and foreign remittance: a case study of India

Authors: Amit Banerji

Addresses: Department of Management Studies, Maulana Azad National Institute of Technology, Bhopal, Madhya Pradesh, 462003, India

Abstract: India receives the highest foreign remittance from immigrants. They provide a steady and dependable cushion in maintenance of balance of payments. India's trade deficit has almost been matched by the net invisibles since independence of which remittances are a significant portion. This study presents a picture of contrast of the impact of foreign remittance from 1980 onwards and suggests a deeper look in the phenomenon. The economic impact of remittances has been doubtful and varied. However studies regarding their impact on real income have been few with regard to recent surges in remittance. In this study, impact of foreign remittances on real income has been studied.

Keywords: continuous compounding; real income; consumption; altruism; remittances; India.

DOI: 10.1504/IJBG.2021.112807

International Journal of Business and Globalisation, 2021 Vol.27 No.2, pp.184 - 205

Received: 12 Mar 2018
Accepted: 23 Nov 2018

Published online: 21 Jan 2021 *

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