Remittances Flow to India: Trends and Determinants

This paper investigates the trends in flow of remittance to India using Semi-log Linear Model on the data set starting from 2000 to 2011. We divide the entire dataset into Pre global economic crisis period (2000-2007) and Post global economic crisis period (2008-11). Our result reveals that the flow of remittances is declined during the post global economic crisis period. Amongst the Asian countries under the study and whose immigrants have larger presence in USA, Europe and Middle East, remittance flow coming from them to India and China is severely affected due to recession in these countries. However, Pakistan, Bangladesh, Nepal are not much affected because of their workers are not in information technology sector and in the high skilled industries.