Numbers and US

Story that numbers tell us

The Importance of remittance

with 2 comments

The remittance account about thirty five percent of NSDP (Net state domestic product) of Kerela for year 08-09.  The figure 35% of NSDP was really a surprise for me, so I did my research to understand this.  Before I write about my findings about remittance on Indian and global perspective, have a look at few more figures on importance of remittance for Kerela.

  • Kerela has more than 27 emigrants per 100 household.
  • Remittance are sufficient to wipe out more than 60% debt of state.
  • Remittance were 1.74 times revenue receipt of state, 7 times of the transfer to the state from central government and 1.8 times of annual expenditure of Kerela.

Statistics are based on 2005 remittance, taken from a research paper.

While for few countries remittance as percent of GDP goes upto 45%, for India and few other countires remittance as percentage of GDP for year 2007 looks like this.

remit as percentage of gdp

Remittance inflow in million $.

Remittance $

Top countries from where emigrants are sourcing money to their native country.

Remittance outflow

Now have a look at the remittance trend for India. Notice how the rate of increase of remittance is increasing. The remittance amount is in million US $. The detail can be found at World Bank published data.

Remittance trend

I couldn’t lay my hands on remittance received by all the states within India, and how much remittance contribute to their NSDP. Will publish it when I get them.

Advertisements

Written by SK

August 18, 2009 at 7:20 pm

2 Responses

Subscribe to comments with RSS.

  1. Hey, I read a lot of blogs on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say GREAT blog!…..I”ll be checking in on a regularly now….Keep up the good work! 🙂

    Tnelson

    October 1, 2009 at 1:59 am

  2. Hey very nice blog!!….I’m an instant fan, I have bookmarked you and I’ll be checking back on a regular….See ya 🙂

    RobD

    October 6, 2009 at 10:41 pm


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Humor, Sarcasm from & on Silicon Valley

Let's have a laugh together

Product Thinking

Peeling the layers of products that delight

WordPress.com

WordPress.com is the best place for your personal blog or business site.

%d bloggers like this: