Indian worker exodus from the Gulf is a chance to wean the economy off remittances

India’s reserve bank governor recently announced that the nation’s economy is expected to contract in 2020-2021 because of the coronavirus pandemic. This is no surprise with the country facing severe economic headwinds. On top of that, many Indians working abroad have lost their jobs, particularly in the Gulf states, which will strongly affect remittances. India is the world’s largest source of migrant workers, and almost 8.5 million are based in the Gulf. The World Bank expects remittances…

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