Tag Archives: remittance

Remittances to India rose to $66.13 bn in 2011-12

New Delhi: Remittances to India surged to $66.13 billion in 2011-12 as compared to $55.62 billion in the previous year, Minister of Overseas Indian Affairs Vayalar Ravi said Friday. Remittance flow has risen consistently in the last three years. In 2009-10, total remittance flow to India through private transfers was $53.63 billion, Ravi said in

Ask NRIs to increase remittances: Assocham

New Delhi: Increasing internal demand and motivating expatriates to send home more remittances may solve the Indian economy’s problems due to a depreciating rupee, an industry lobby said Sunday. “At present, NRI deposits are between $52 and $55 billion, which needs to be pushed up to an ambitious level of $75-80 billion,” said Assocham (Associated

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