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.
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 *