Skip to content

Group says more remittances to India are needed

With India's economy struggling to recover, remittances are badly needed.

While the global effects of the Great Recession have been retreating, many nations are still encountering financial issues. This is especially true in India, as the value of the rupee is depreciating, fewer people are investing and debt levels are rising.

But according to the Associated Chambers of Commerce and Industry of India, the nation's financial woes may be improved by encouraging Indian expatriates to increase their remittance flows to their native land.

Speaking on behalf of the consumer advocacy group, Assocham President Rajkumar Dhoot said the country's financial leaders should be actively urging Indian natives to send money home to their families, as the country's fiscal health depends on it.

Citing a recent survey, Dhoot says economists and bankers are in agreement that remittances from non-resident Indians need to pick up significantly to make any headway in fixing the country's bleak financial state. Assocham strongly recommends teams comprising of senior officials and bank executives be deployed throughout the world to wherever there are high concentrations of Indian expatriates. However, in order for them to invest in India, they need to be reminded of the benefits that may result.

"They must be given assurances, that given the global uncertainties, investing for them back home makes better business sense," said Dhoot. "The NRIs should invest in India not only because of the motherland connection but also because India has a market of 1.20 billion people which will continue to grow."

However, while this may may put a dent in India's debt crisis, Dhoot advised that more lasting solutions are necessary if the country is going to solve its money problems.

"We cannot afford the confidence to further decline," said Dhoot. "We need fast measures like somehow increasing the dollar inflows so that the pressure on the rupee is halted."

He added that thus far, NRI deposits average around $52 to $55 billion per year. To make headway, they ought to be around $75 to $80 billion.

Other recommendations noted by economists that could improve India's economy would be to develop different strategies that could increase consumer confidence and demand.

Read more from Money Transfer, Other, S. Asia
  1. Sep 21 2013

    Nice blog ) my blog

  2. I really like your site post. Hold submitting a lot more worthwhile details, we value it!

  3. Sep 23 2013

    The first piece is geotagging each blog post on some sort of map.. . The second piece is meshing those points on a map with other people. Essentially we’d like several members of our team to provide updates regularly and post their locations to the same map..

  4. Sep 23 2013

    You made some nice points there. I did a search on the subject matter and found most guys will consent with your blog.

  5. Sep 23 2013

    445711 788780Once I originally commented I clicked the -Notify me when new feedback are added- checkbox and now every time a remark is added I get four emails with exactly the same comment. Is there any indicates you possibly can remove me from that service? Thanks! 852217

  6. Adore your submit. Have you at any time believed about composing far more about this topic?

  7. Sep 25 2013

    I couldn’t resist commenting. Very well written!

  8. Sep 25 2013

    I believe you have remarked some very interesting points , appreciate it for the post.

  9. Sep 25 2013

    Good response in return of this matter with real
    arguments and describing the whole thing on the topic of that.

  10. Sep 25 2013

    Do you think you could fill it with fruit? I have a ton of strawberries and blueberries left over that I’d like to use up!

  11. Sep 26 2013

    These are truly enormous ideas in concerning blogging.
    You have touched some good points here. Any way keep up wrinting.

  12. Sep 26 2013

    Hello, all the time i used to check weblog posts here in the early hours in the daylight, since i love to gain knowledge of more and more.

  13. Sep 26 2013

    Hello to every one, it?s genuinely a fastidious for me to go to see this site, it includes valuable Information.

  14. Sep 27 2013

    9724 929236How considerably of an exclusive post, maintain on posting greater half 814150

  15. Sep 27 2013

    Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! By the way, how could we communicate?

  16. I am regular reader, how are you everybody? This paragraph posted
    at this web page is really nice.

  17. I’m not sure exactly why but this weblog is
    loading incredibly slow for me. Is anyone
    else having this problem or is it a issue on my end?

    I’ll check back later and see if the problem still exists.

  18. Sep 28 2013

    Yo personalmente quiero seguir yendo al gym, aunque sea frustrante no poder con el peso de cuando era joven, me resignare a coger menos quilitos, pero pienso cuidarme.Aqui hay ejemplos de 2 caminos distintos, lo de Arnold da pena. website:

  19. Sep 28 2013

    I enjoy you because of your whole labor on this web site. My daughter enjoys conducting investigation and it is obvious why. All of us hear all of the powerful form you convey both interesting and useful tips and tricks through this web site and in addition inspire contribution from other individuals on the area and our favorite daughter is in fact learning a whole lot. Enjoy the rest of the year. You are doing a good job.

  20. Sep 28 2013

    welcome to louis vuitton outlet online shop,our website:

  21. Sep 29 2013

    Hi there, this weekend is nice in support of me, for the reason that this time i am reading this enormous informative piece
    of writing here at my residence.

  22. Sep 29 2013

    Merely wanna say that this is very beneficial , Thanks for taking your time to write this.

  23. Oct 1 2013

    Live Telecast of boxing match between Dereck
    Chisorra vs. Wladumir Klitschko
    now easily available online. Internet boxing fight is now available on your
    personal computers from where you can record thhe stunning acts and
    can replay
    the aawesome actions perform through the boxer. All this can be obtained to yyou at free
    of cost and you arre able too easily take pleasure in the
    live performances without breaks and
    intermission. There are numerous websites and
    software available where it is possible to
    easily watch your struggle. The fight iss becoming more interestingg since the best
    boxers have been in the ring this time around. Dereck Chisora,
    the award winner oof common
    wealth games annd also on the other side Wladimir Klitscho,
    powerful and vigorous
    champion of the worlod will fight with each other
    and make a long lasting
    When the both boxers come iin the ring annd out on their fighting match the
    fans will surely becom mire excited and crazy to look at them plus
    they use
    every source to get onne look of these live match. Klitschko vs.
    Live Stream can help the
    viewers to view the live mafch at oncde without anyy interruption and
    intermissions. If you desire to observe the match online at your house, with your
    friends the you should have your laptop and a good
    connection. The fighters took up many dangerous aand serious figgts and
    every time their fans have praised their power and performance.

    Thee demand of onljne watch has risen these days and remembering the
    need and feature the general public many livve stream sites and links ahs
    established online that is easily accessible and viewable.

  24. Oct 6 2013


  25. Oct 6 2013

    And lastly, you shouldn’t forget to invest in hair accessories such as headband,
    pins, or ponytails to help hold your hair when needed, or
    simply to add style. When you are preparing for your prom you want to make sure
    your dress, hair and makeup all go together well. Once we touch the
    age of 40, we get settled in our life with a high paying job,
    a caring partner, kids to look out for etc.

Trackbacks & Pingbacks

  1. check this link right here now
  2. openlrm
  3. Springfield Missouri Private Investigator
  4. BqHQK7r1sb BqHQK7r1sb
  5. herpes treatment at home
  6. Shopfitter UK
  7. get rid of bed bugs
  8. e cigarette free trial
  9. lavorare da casa con il pc seriamente
  10. "
  11. Смотреть онлайн кинофильм - Сарила Затер??нна?? земл?? в 1080i каче??тве
  12. "
  13. Homepage
  14. Craigslist Search
  15. home page
  16. DEWALT DC970K
  17. ダウンロードゲーム
  18. biuro rachunkowe
  19. Makita LXFD01CW
  20. 6pm coupon code 2013
  21. แทงบอลออนไลน์
  22. プレイステーション ゲーム
  23. apostila enem 2013
  24. south african medical aid schemes
  25. Free Cars To The Poor
  26. loans for bad credit
  27. how to get laid
  28. cash loans for bad credit
  29. cougar dating
  30. cash loans direct lenders
  31. best app builder
  32. Cash Fast Loan Military
  33. come fare soldi facili
  34. pozycjonowanie stron
  35. kulutusluotot
  36. book of ra
  37. tile store atlanta
  38. book of ra deluxe
  39. pozycjonowanie stron
  40. pure raspberry ketones
  41. comics
  42. green coffee bean extract
  43. Visit This Page
  44. find more info
  45. electric cigarettes free sample
  46. Gertrud Tartamella
  47. alkaline water
  48. casino ohne einzahlung
  49. the hunger games catching fire 2013
  50. jnciouen804ur
  51. hair loss cure women
  52. kliknij
  53. hair loss treatment women uk
  54. www
  55. Home Cleaning San Francisco
  56. paracord colors
  57. definition of a hop on hop off bus
  58. Business Brand Ambassadors
  59. locksmith seattle downtown
  60. locksmith seattle yelp
  61. locksmith seattle wa
  62. Tennis Drills For Beginners
  63. full article
  64. tires sacramento les schwab
  65. instagram viewer
  66. professional wp themess
  67. buy template wordpress
  68. buspirone online pharmacy
  69. locksmith seattle greenwood
  70. locksmith seattle
  71. telearn
  72. instagram names
  73. michael richmond digdev
  74. official statement
  75. Des Mentors Pour entreprendre
  76. Recommended Reading
  77. get more information

Comments are closed.