Falling Indian rupee a boon as remittance inflows to Kerala cross Rs 75,000 crore

Sep 15 2013, 20:21 IST
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SummaryIf the remittance inflows continue, this fiscal it could well be about 40 pct of state's GDP.

to the country to make arbitrage income, as interest rates are low in those countries coupled with the steep plunge in the rupee.

According to a report by the Migration Unit of the Centre for Development Studies, Thiruvanathapuram, remittances today account for 1.6 times the revenue receipt of the Kerala government, 6.2 times what the state gets from the Centre as revenue transfer, and is more than twice the government's annual expenditure.

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