The Effect of Remittances on Economic Growth in India
Author : Dick Lorier | 2010
Published By: University of Amsterdam
Remittances appear on the current account of the balance of payment which reflects transactions of goods, services and income. In the economic data remittances are captured in the Gross National Product (GNP). GNP is the sum of the values of produced goods and rendered services and transferred capital by Indians, both in India and abroad. Remittances are not captured in the GDP, because the GDP encloses the sum of the values of produced goods, rendered services and transferred capital within the country, both by Indians and foreigners.
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