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23rd November 2021 (5 Topics)

World’s Bank Report on “ Migration and Development Brief”

What are remittances and why they are important for the Indian economy? (150 Words)

Approach:

  • Introduce by giving definition of remittances
  • Enumerate the source of remittances for India
  • Enumerate the importance of remittances for Indian economy
  • Briefly highlight how remittances were affected by Covid.
  • Conclusion

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