Sunday, August 25, 2013

'With rupee down, Kerala remittances could touch $12.5 bn' | ummid.com

'With rupee down, Kerala remittances could touch $12.5 bn' | ummid.com
Kerala's economy, propped up by diaspora remittances from about two million Malayalees abroad, can expect windfall remittances to touch Rs.75,000 crore ($12.5 billion) this financial year which could form an all-time high of nearly 35 percent of its net state domestic product, migration expert S. Irudayarajan says.