India Receives a Record $111 Billion in Remittances: What Does it Mean? | Vantage with Palki Sharma
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- เผยแพร่เมื่อ 8 พ.ค. 2024
- India Receives a Record $111 Billion in Remittances: What Does it Mean? | Vantage with Palki Sharma
In a world first, Indians living abroad have set a major record by sending $111 billion back to the country as remittances. The remittances make up around 3% of India's GDP. Indians working high skilled jobs in developed nations now make up for 36% of the remittances received. This has helped boost the total amount of what the country receives in remittances annually. An assessment by the World Bank reveals that remittances to India will continue to rise in 2024, too. Notably, no other country has ever crossed the $100 billion mark in this domain. On Vantage, Palki Sharma analyses why this is a significant milestone.
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India | Remittances | Record | World Bank | Firstpost | World News | Vantage | Palki Sharma
#india #remittances #record #worldbank #indianeconomy #gdp #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
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What is the use ? The labour laws make us be treated like pre independence class !! Layoff likes dogs and the ministry asks to sell "boonda" to generate jobs ... If there are no jobs then how will ppl come buy boonda or anything ?
Indians working overseas generating country’s growth and not MODI palki put this in your head
The irony, Western empires came to India and looted a lot, now the Indians are sending it back by working hard back to India.... VANDE MATARAM 🙏
Ihe _irony_ is western countries are helping many of you ungrateful, according the tone of your voices here.
For every $1 an Indian earns, their corporate bosses makes at least $5. And that's better than employing an American who would do the same work but expect a more decent salary.
So really... you're still being exploited. The terms are much better though.
@@BallyBoy95 ...and federal taxes? Not to mention ALL kinds of everyday taxes that's attached to food services, energy, gas, etc etc etc. With roughly around 20M NRI Indians around the world (not just U.S.), let's just say half that sent money back, now this is a very high figure I'm using, they'd literally have to send about $11,000 free and clear of taxes and all living expenses back to India. How is this even possible??? And NOT every Indian has high paying jobs. The numbers are ALL bogus and laughable to begin with as how India 'grows'.
@@BallyBoy95Not sure about the US. But salaries are at par for Indians in the EU. Never even heard of such wild claims. Everyone is paid fairly and equally here
The Irony is Modi is busy building useless Hindu temples, while some villages don't have running water or full time electricity, very poor healthcare installations, typical 3rd world dictator!!
If remittances are 110 billion dollars imagine the taxes paid by them to those govt. Shocking right
Win win sitution😊. India has lot of population and good tax collection itself.
Only high paid workers are taxed, many are not taxed.
In the Arab countries it is tax free!!! But in the West you barely can save
Exactly irrespective of nationality in Europe or US , no one is discriminated against based on anything only the capability is looked into and what is paid as taxes Govt spends it for the welfare of the people...not to loot
No no no no ... don't get it twisted...they are not taxed because most of them are doing mediocre jobs below poverty line in those countries
In the USA, the Indians, doctors, etc, pay the highest income tax of any group.
Thank you India for sending us useful citizens.
😄
Usually doctors go to china Ukraine Philippines get their medical degree
Clear fmge exam in India and become doctors here It is the iitians iims nitians iitians and all engineers who studied in govt engineering colleges go there pay taxes and send alms back to india
@@gothanram, 😁😁😁😁😁!
Go out learn whatever you could, make a lot of money but never forget your motherland. When it's your calling, come back and build this nation. This land has given us everything
The initial yes, the latter no. All wealthy Indians would rather go UK than ever live in India. Seems the colonial mentality is just too strong
@@thepeaktram77nothing wrong with wanting a better life.
Well I am in Dublin,Ireland and have grown to love ( and miss ) our lovely country and anything Indian in my years here.
Wouldn’t think twice about coming back once my daughter ships off to University.
Nothing wrong here, everyone’s fabulous.. but heart is where home is !
@@thepeaktram77 You must not be Indian I believe. Ever heard of home sweet home. ?
@@SoorajSuseelan10001 people move for a reason, especially if you are a minority or poor. blind nationalism is dangerous
Happy and proud that I am also a small part of it. 🇮🇳 🇺🇲
❤I LOVE ISRAEL❤
France with just 5 percent of the population of India has also received 30 billion dollars remitence.and unlike india France is a developed and prosperous country .yes there is an element of proudness .
We Indians are proud of all Indians out there who still consider India as their motherland ❤ long live brother
@@RohitChouhan-dj7se Great stuff, Bro try to apply B1 visa and go to israel in work permit. Try to get a job within 30 days and extend the visa. But don't go as a labourer. They are racist in places on Indians. They won't treat us equally.
Ok, We will send ED to ypur home
You forgot about indians working on Foreign ships
Yes sir...
Yes India has a large merchant navy work force even on foreign registered vessels
Exactly my thought... For them it's just techies!
Indian never complaint, they work hard, work smarter,...
_"Indian never complaint, they work hard, work smarter,..."_
Bwahahahaha! -Ask- look at YOUR ambassador Palkee.
@@YouCantHandleTheTruth.She is telling the news and even if you can't handle and don't have knowledge go read the description of the channel. Don't talk like nonsense here.Get lost and Go see Global times ,CGTN , Washington Post ,
@@toughtome _"She is telling the news and even if you can't handle and don't have knowledge go read the description of the channel. Don't talk like nonsense here.Get lost and Go see Global times ,CGTN , Washington Post ,"_
I watched ALL those, plus I have Spectrum Cable service here in SoCal where I get CNN, BBC, MSNBC et al. But why are you so irked up? Truth you couldn't handle? Why don''t you go and -watch- read the China/Serbia video, even more interesting by and about Palkee! Two thumbs up!!!
@@YouCantHandleTheTruth. Pakistani fake id spotted.
😅😅😅
The best feeling ever is receiving a message confirming that money has been sent to your parents.
You can take Indians out of India but you can never take out India from the minds of Indians ..... LOVE YOU INDIA 😍😍😍
The Philippines used to hold the world record of oversea remittances for many years, thanks to 10% of Filipino people working overseas.
Now India is holding the world record. 🏆
The Philippines still tops India when it's remittance as a percentage of GDP. 9.4% for the Philippines and 3.3% for India.
@@MrTobytherat, yes, there are a lot of Filipinos in USA doing menial jobs and making good money and sending it back to their relatives in Philippines.
My $10k yearly contributions count for my mother land India for keeping my family and relatives safe and keeping them happy.
Palki Ji, U bring out the best information relevant to India and its current position. Thanks Palki Ji
Bheek aee hai West se.
One side effect is that Indians living abroad invest easily in real-estate in India, which results into higher prices for Indians living in the country.
Well the other side is that it will encourage real state developers to develop more areas with residential buildings
Indians living abroad invest in properties there too.
@@oomz1975but property there are expensive as compared to india I don't hate NRI but I also don't like them
We should encourage NRIs invest more in real estate like A grade office spaces, hostels, vacation resorts, airports, railway stations, sea ports, express ways etc.
@@singularity3021more areas more money still headache for ppl living in india
Congratulations 🥳 it’s a positive move,it makes sense given the consideration to the Indian population.
Wow......... This is amazing
I purchased a new flat in 2019 and last month April 2024 I went to India and repaid the loan and got my house papers. I am happy about my small contribution of investing in India.
i told ya, palki. india is big time. This is foreign direct investment!!! India again#1 in the world.
Russia #1 India #2
@@kitkat47chrysalis95good joke
@@krantikoganti come on, we still friends. India invent chess. Russia make #1 chess player of all time Mikhail Tal.
together we better. Russia and India
@@kitkat47chrysalis95 i don’t have problem with the friendship 🙂.
but truth is India is fastest growing economy of the world.
russia and India are always loyal to each other.
Colonial slaves now dare to be number one. America is really in decline.
Our company has 800 ships at an average of 80000 $ per ship! So this is only one company! Imagine all around the world!
80000 USD for a ship? Even a small fishing boat would cost more than 80k. 😂😂😂
@@SDM496hello he is saying about the salary not the worth of a ship.. You can't even understand this but putting comments what an ignorance😂
My spouse is a marine engineer too sir
@@SDM496bro that's his per ship income
@saravana2532 its always good to have people who have knowledge about stuff! Thanks mate
Awesome!
It means Indians are more comfortable abroad than in their own country
It also means Indians are more comfortable investing in India than buying and setting forever in the USA. They just go there for better jobs. Nothing wrong with that considering India has a reservation and lacks value for skill and focuses on useless degrees.
It means usa, canada, europe is collapsing 😂😂😂
@@TheAryanKnight ofcourse that's the only option left when your own country is failing you
@@jayeshsadhnani627 how is west collapsing?
@@Bhairavvvv Yep I guess thats why we are the fastest-growing country in the world and that's why people go abroad and send money back home. It's a major loss for India to get half the Pakistan's economy as remittances each year.
Well said Palki
It's not a good thing. It means that skilled workforce (especially tech) is moving out either due to no job or reservation. Also these people are smart enough to understand that the taxes they pay in India does not give them anything in return except broken roads, power shortages and irregular water supply. Food safety doesn't exist here.
Well said
Talented people quit because of reservation and difficulty in getting into higher education institutions without reservation. Nevertheless, they are productive, unlike many migrants who pray five times a day, and roam the streets with stone in the hand.
you are absolutely wrong - even western countries have unemployment (no jobs) but we are hard working and work for lot less money than westerners - India has plenty of educated people (largest population)
There is no scarcity of talent or skill in India, if anything "these people" help reduce the competition.
Broken roads etc can be found abroad too, despite paying high taxes.
Great for india, this will help to boost the economy.
This is 360° coverage ❤️
On one hand it is a good thing but on another hand it is a greater concern that our youth is prefering to go abroad rather to work in home because of lack of jobs and especially of reservations.
There is no reservation for techies don't talk nonsense.
@@Agastya_Muni Do you think all working abroad are techies. Update your knowledge.
@@ridhamkumar4844 most that are working abroad were never the aspirants of a job in India which had reservations, upgrade your common sense.
This is one income from Hard labours of the Indian
Palki send more Indian to other countries for works overseas and at the same time will indianise the whole world
Yes, these foreigners don't know that we Indians are colonizing them, like how they did us. Every educated Indian must work abroad, and take our culture there and conquer the foreigners. Danny Beharie, South Africa.
This is why India needs other countries and the other countries need India to grow
Congratulations BRAVO ❤
The culture of Bharat already changed. My son in America n works in a top notch tech company, but never sends money. I run with interest gained from my cash deposits. Unless each one realizes about their parents, it will be very difficult going forward for us. So elders pls keep enough money with u, don’t spend all money for ur kids. First we should have min food, shelter n cloth meeting funds with us.
As an Indian, I can confirm that we drink cow 🐄 urine. 😮
Sorry to say but that sounds like a parenting issue to me
@@ushakuckian one way u r correct which I am realizing it at age 60. So be it for me. I am content with what is left with me. I will be able to feed my wife so long there is no big medical emergencies. U may ask y not have med insurance. Do u know the cost of med insurance for old age people? If I appky I have to stave for close to 3 months. So u be careful. Set aside ur old age convenience money n then spend for others.
This is the reality. All so called Indians in tech industry will never return back to india except for funerals of their parents in some cases
@@nl9803 I have seen this case, but both parents and the son is India. He is my cousin by the way
Remittances will keep on increasing as the amount is truly very small compared to the potential. India has more people than any continent, large population living outside India (albeit not large by percentage) and a growing economy that engages with the world. As long as Indians look for opportunities globally, this trend should only accelerate.
Thanks for the unemployment in india it motivated me to go abroad, now my life is better in every respect
Indian's are honest and humble towards their jobs the worship their work place and they are loyal towards their company
Indians are Wise,Loving and Caring people also Hardworking not Lazy like Some of us.
Excellency to 🇮🇳.
But, I'm a little lazy 😂
A little Lazy after achieving your goal is what you are good at. @circuitworm1496
@@Hbr990 Hmmm you said correct✅✅
Indians are too much over worked. At least people in west have work life balance.
😄😅😝
dont want to quote a number... but yeah I had sent a big chunk for our home construction... as more Indians venture out, this number will only grow... wherever indians may go, they take a piece of their motherland home... so never far away
Proud to be a part of this achievement. Thank God.
This is from 2022. Do we have any data for 2023?
Palki ji please cover the latest PM-EAC report on religious demographic shift in India. It's very important to tell the world that minorities in India are only growing, while minorities in India's neighbourhood are being decimated.
Concerning
impressive..
Proud my remittance is part of that😊😊
Let us not forget this is the excess money that is coming into the country , outside the living expenses which we are already paying to local + taxes.
For every Blockchain transaction.
Government takes , 1% TDS + 30 % of profit .
People work to earn money and it goes to corrupted pockets. 😢😢😢
No dude
Only if you took profit for investing in blockchain
@@agent47bond5 Do u think people invest to lose.?
I am from hk, yes, local Indians work very hard.
You are from Hankock or Kingdom of Honolulu?
go go India
Bharath...Central Govt is to take care of overseas Indian workers whatever their level.
It means large no. of Indian are doing odd jobs abroad and sending money back to family.
Good news 😊
Jai hind jai bharat 🇮🇳
This is nothing to be proud of. It means that the Indian job market is so bad, it's citizens have to go abroad to earn a living for their families. How can Palki boast about this?
Ha ha.. This means that Indians are everywhere and they feel money is safe only in our country
Job market is bad across globe. Now a days many returned to Bharat n startup’s on rise. During upa times, most gone to USA, uk, etc. u mean to say upa was very bad under Sonia?
Moment of silence for your education.
Sach me garv hota hai un logo pr jo acchayi me bhi hurai dhoondh de yeh wahi dhruv rathi fans hai jo sun kr khush hota hai ki kya sach me India ko highways, expressways aur airport ki zarurat bhi hai kya 😂😂😂
@@ashishpandey8537 do we really need remittances?
That means we dont have enough jobs within the country. And rupee is losing its significance in international market.
the reasons explained are not the only reasons. I live in NYC and I send a lot of money back home. My family is doing well, but I invest that money in Indian stocks because the market in India is big and the returns are significant. As far as the number of jobs are concerned, layoffs are happening everywhere, not because governments are not doing well, but because AI is taking over a huge chunk of the workforce. I advice the young people to choose a line of occupation which either involves developing AI models, or will take time for AI to affect it. Hope it helps!
@@Wolfa-tr5sqBJP Troll in action...??? 🐮🐄😋😜😁
@@sosipin2000 that's your character and position, so to speak. If you read closely, I didn't mention politics anywhere in my comment. That's all in your head which is making you concoct stories that align with your current psyche. I'll wish you quick recovery and well being. While you spend most of your time watching videos and overload yourself with news, I analyze real life data and grow in life. Now bring in some hate comment once and feel free to go back to your favorite videos.
There are enough jobs in India, it's just that the US pays far more.
I kid you not, salaries in India for top tech jobs are similar to Europe. But the US is in another league.
Many r not going abroad now a days. But during upa almost all top tech guys left Bharat. Do u mean to say the job market in Bharat was very bad under upa Manmohan n Sonia rule?
Can’t believe they are leaving the “Vishwaguru” and going outside to work in a much better country. But Jaishankar said Indians are coming back in huge numbers.
Go Bharat!
Upi doesn’t do shit for international transactions…I do and use remittly and XE.
Agreed. Paypal has been the saviour for most Indians since FOREVER else India is one of the most unfriendliest when it comes to forex & related activities
Yes
Many of us have started using UPI, for international transactions as well, you'd get its option in phonepe or other apps.
At one side it's indians leaving country ( no patriotism towards to mother India ) ..
At other side we r proud of our people becoming pm of uk, vice president of usA OR CEOS OR NOW This remitensies....
But one thing jobless in our country and beg for free bees or becoming burden for country is far more worse than sending remitensies to our mother land and helping our country ( just my opinion )
Bro we have jobs but employability is the issue according to data
Because of our education system and no body protest for that
They go to North America and very happily clean their toilets , drive trucks and work in restaurants / houses.
What is patriotism ? Staying at home ? Then homemakers love their homes more than partners who go out to toil !! You are not talking sense
Patriotism is total BS it's just an emotional excuse for those who can't leave the country for better living standards in west
Good to see such high remittances. Hopeful that the number goes up in the coming years too. Considering the high population moving abroad is the best option for an Indian youth. Move out, receive a lot more salary than you would in India and then send remittances and indirectly help the country. A win win situation for everyone
Indians must live with pride and dignity / dedicated and responsible / productive / integrity must be the core values of the Bharat expert to foreign countries
Russia
It's not matter of pride, it's shame that our people are wasting their talent to serve other countries. 😢😢
Do you have other options here? a
Opportunities?
Our population is humangonous. So there is no problem 😊
We are living in global village . Whether we work in india or abroad they contribute to humanity.
Pitchai of Google , Nadella satya of Microsoft and Arvind krishna of IBM have become CEOs of companies who have head offices situated usa. The companies in usa recognized their talent.
Earlier the concept was brain drain. Now p.m told NRIs : we are proud of you.
Many of relatives and friends said
1. If the roads are clean
2. 24 hrs electricity
3. Reliable internet facility they are prepared to work in india.
Politicians want votes. They give rewri and our funds not used properly.
We are over crowded .even a government 1000 times more competent than the current one can’t serve all. Stop breeding like rabbits and maybe something can be done about opportunities
Wasting? No. It's more like spending talent for the one who values it most.
1 culture
2 interst rates
3 tax exemption
4 digital payment
5 energy surge
We pay 40% taxes , pay for rent , food , all the bills then save the money on top it to send back home !
It’s not for faint hearted
It means there are no jobs created in last 10 years and that's the reason people are leaving india😂
Kuch bhak the hai Bina logic ke raga ko Tara. EPFO ka data V dekle. Yes brain drain is a problem since decades we have to tackle it and without manufacturing prowess we can’t attract talent. Make in India has surely open the door some what and we need to do more. Anything good idiots will jump like u
It also means Indians are more comfortable investing in India than buying and setting forever in the USA. They just go there for better jobs. Nothing wrong with that considering India has a reservation and lacks value for skill and focuses on useless degrees.
@@TheAryanKnightcope
That means Inflation in India and Advantage for dollar.
Jai Hind Jai Ho namo namo 🙌🙌🙌🙏🙏🙏🇮🇳🇮🇳🇮🇳
It's good, these dollars will help meeting the demand of foreign currency and will reduce pressure on rupee.
Thanks for continuing to update...I prefer to operate in the stock market or crypto because it is more profitable. I earn an average of $34,840 per week even though I barely do any business
How is that? if you do not mind
Olivia Baker has been my backbone since last year and has brought me many benefits.
I don't know that people know Olivia that much. I have been able to climb from 10k to 36k, pain under her supervision and her responsibility, the signs are the best to enter and exit, very good woman.
I started with $1000 and have accumulated $21000k so far
I saw her on Google, thanks for the recommendation.
This is not proud moment, we should be ashamed that most of us leave our motherland to work overseas, much more effort needed for make in India by India, Jai bharath
Highest population is world bro
Reservation plays key role as well
You also need to control your population, a country can only support a certain number of its population. The US has three times the area of India but about a quarter of the population. Hope you know how to calculation the PPI.
@@fourlimbedmartian5262 China took advantage of its population
If I'll get a better opportunity in a western country then I'll definitely leave this shithole country who has the most useless masses fighting for free bees and communalism
REclining INR value personally benefits me. I earn a little in USD and then convert it into INR via PayPal. Also, I have to pay GST on it.
Woooow
India doesnt have enough job for the talented youth. Thanks to modi ji
Can Indian Govt construction companies or Private construction companies pay @ 20$ to 30$ per hour to labour? no if they can pay nobody goes in foreign land to work humko sab sasta chahiye
okay chamchuddin
Congress ka ex-collector 😂😂😂
@@jjMavaniHmm.. Does Indian government tax laborers who receive $5 an hour? what about western nations?
You mean ☪️huslim youth ??
The foreign minister of India has lost all credibility critisizing and antagonizing developed nations if developed nations truly contribute as much as they are depicted in this video towards India's prosperity.
You have a very limited understanding of Geopolitics.
@@ashok.vardhan.g really? Care to elaborate? What did I say that doesn't make sense?
A big number, but it goes to show that a lot of Indians have gone abroad and made a good life for themselves. Something we aren't able to replicate to our full potential over here.None the less a good number though
Great🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇬🇾🇬🇾🇬🇾
Very interesting and very informative 👍 👌 👏
Converting to INR it's 9lakh crore rupees. 1 Lakh crore => 1crore 1 lakh times ...9 lakh crore => 1crore 9lakh times. 1 Billion = 8200crores ... 111billion = 111 x 8200 crores = 9,10,200 crores.
It means, large chunk of it is going to be invested in real estate thus taking its prices further up
India is a race horse, the best to bet on today's world. So live abroad for a better quality of life and invest in India for better returns. Thats the smart way to do.
India 🇮🇳 GDP increased by $111 billion dollars so congratulations to 1 billion prime minister modi has democratic voters one billion get GDP per capita increase by at least 100 dollars per person in India. When India 🇮🇳 gdp per capita better than Australia 🇦🇺 gdp per capita....jai India 🇮🇳
Don’t ompare any overseas. Their cost of living varies between 5 to 10 times of us. So simply put , matching their per capita is not good. How much we pay for a 3 bed room flat in chennai or Mumbai? How much is it in USA or Australia? I hope my message is clear.
IT means Rupee has lost lot of value .. Dongt try to spin it for the MOdi Govt . it si nogt a good thing for indains
Um, the numbers are in dollars.
It's even more impressive if rupee had lost value.
They aren't earning in India. They are earning abroad. If rupee depreciated remmittance would decrease
Old witch... MODI is coming back to power m..u Librandus Will have 5 more years to cry
@@chaitanyak.n.4768 She is quoting in Rs so yes rupee llost valeu so total rupee valeu went up nothing any one done
Check statewise as well.. You will know better
Have you considered the Money sent back to pay the interests on the Education Loans?. Would like to get those numbers as well as a percentage of the remittance
Q. What does it mean?
Ans. It means that India has failed to provide adequate employment opportunities and good standard of living to its people, hence they have to go abroad.
What does is also mean? Indians have mass reproduced beyond what the country can provide which means not everyone can get a high paying job. Population control is a must. So dont blame everything on the country, people also need to control whats in their pants.
Dumb a55..my sister had 1 lakh/month salary here...she left this job, because she got 5 lakh/month salary in Germany..
Talented people will get job...undeserved will cry like u..
Oh dear, moment of silence for your education.
Q what did you do for more employement oppurtunity in India?
@@oomz1975 Can't take the truth?
Feels like it's possible to recover $45 trillion now
Hopefully the economy improves it helps paying back some of India's huge debt...
Is this a matter of pride??More and more Indians are forced to leave county for better education,jobs and quality life.Cost of higher education is getting very expensive in our country.
Do you think the issue is also with the people and apart from the government
India is a poor and poverty-stricken country. The vast majority of Indians can survive only by working outside the country and live on money sent by relatives in the West, Modi's India is still poor and depended on remittance, from the West
China still have poverty striken villages.
Family values is the soul for such. Gestures.
Family is the what makes Indians proud
Mathruboomi and mother are only and the same
Do we have data on how much India is spending on
1. Foreign holidays
2. Foreign education
3. Foreign destination marriage ??
4. Foreign medical expenses
Especially the govt. should look into people going to Europe and far east and their pervert purpose for holidays. We have over 15 eco systems in the sub continent from seashore, hills to deserts to snow covered paradise. But we cannot develop for environment reasons.
Foreign education is another drain. No foreign country accepts Indian degrees of late and want to at least take 1 degree from the host country to be employed.
Foreign destination marriages are another bane on the economy.
If India opens up its traditional medicine even that could save.
Ironically, NRIs do not get benefits like jobs in India due to the hectic politics in employment sectors, which government should take care of. Most of the banks, like SBI, IOB, make it difficult for NRIs to open an account. Moreover, their apps and websites are not well maintained abroad, do not open, and do not respond to any emails or calls. Getting OTPs abroad is always problematic. These NRIs invest abroad, with no ways to send money back to India. Most importantly, NRIs buy many products from India, in USD, which is not taken into account. So in total, it might cross 150 billion USD, if government acts accordingly.
As I've posted this many times. First of all I don't believe ANY of this and I don't know how the Indians come up with this RIDICULOUS and BOGUS figure. There are only about 10-20 million NRIs around the world and most of the ones here in the United States that I personally know DO NOT send any money back to India other than tourism and they don't go often. Now if you're confusing this with 'tourism' which I know it is nowhere near the number, than India is definitely DOOMED. I know it's election time, but you can't _cheat_ to win, and there's an old saying: _"a cheater never wins'_
Wait, Luxembourg with a population of just over 0.5 million sends in the order of $80 Billion.
Wtf do they do?
It means Indian government has made 33.3 billion in taxes just from money coming in as remittance from overseas.
Lol! Nobody uses UPI for remittance. This is an Ad for govt. misleading common man in India.
Yes, India is help building other countries and economies, but not their own. Poor India.
This is an ignorant statement, please watch the video again
It means, you cannot let ruppee get stronger against dollar. It is called Catch 22, Palki.
okay i understand about the Remittances that is reaching many hights but we need the skills of them, not the money with the skills we can make billions of dollars in our homeland. More than this. It's entirely my opinion as an UPSC aspirant
What does it mean? A nation of coolies!
Thanks for your service in India as a coolie 🤗🤗
@@pritomkairi7744 Hello? A big chunk of these remittances came from Indians in China, so shut your coolie mouth. Ignoramous!
@@pritomkairi7744 Hello, ignoramus? A big chunk of these remittances came from Indians in China. So be careful.
Coolies also a respectable than a brothel / drugs dealings or terrorists 😂
@@pritomkairi7744thanks for ur toilets cleaning in Gulf sandaschap Pajeets 😂😂😂
May be there should be a study on the domestic financial uses associated with sending money.
What kind of impact it has mentally.
Many Indian workers work at Indian food restaurants in our country. 🇲🇾
Lol
Eventually, it goes to the pockets of our corrupt politicians.
Imagine if all skilled Indian workers employeed in India and pay their taxes to the Govt, How developed our country might have been.