India becomes the first country to ever receive more than $100bn from its overseas migrant population, according to new World Bank figures. This represents a 12% increase on last year and ~$1 of every $6 remitted globally. Equivalent to 3% of India's GDP.
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@edanderson101
Why does that even matter , still richer are getting richer and poorer are getting poorer in india .
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@KaustubhRaghuv5
@edanderson101
Here's your screenshot.
⚡ Want to automatically post your tweets on Instagram? Visit .
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@edanderson101
See also my tweet thread charting the change over the last 3 decades.
A short tweet 🧵
Interesting data out today from the World bank. India's migrant workers will send 100 billion dollars back home in 2022. See:
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@edanderson101
translation: this explodes, yet again, the
#keralamodel
hoax that
#senrothschild
propagated.
keralamodel ==
#moneyordereconomy
, ie one sustained entirely by remittances, and thus highly vulnerable to say, oil shocks.
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@edanderson101
But in simple terms, high unemployment in India, and large dependence of this kind of income only bring big uncertainties, cuz of the strong interlinking of India and rest of the world.
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@edanderson101
But, Indian Union Government fails to cater their needs & problems they used to face. Hell, if their respective countries of earning & residence become nasty as BJP's forget remittance even their income might stop.
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@edanderson101
3/n and may be u would like to prove it right . During lockdown increase in price of goods,petrol, and other essentials also proved organised loot.milions of job loss,fake pakage of relieve from PM,Millions walked bare foot but still ppl trying to say "SAB CHANGA C"
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@edanderson101
It is great that India’s overseas migrant population remits 100 billion dollars .. a n increase of12 percent over last year and a substantial part of global emittances…
It’s about 3percent of India’s GDP .. thanks Anandji for highlighting this message in your message
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