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Read more about Kerala hit hard by drop in remittances as 1.2 mn workers return: World Bank on Business Standard. Kerala has been hit hard by the drop in remittances from the Gulf countries from where about 1.2 million workers returned to the state due to the Covid-driven layoffs, according to the World Bank
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United Nations: Kerala has been hit hard by the drop in remittances from the Gulf countries from where about 1.2 million workers returned to the state due to the Covid-driven layoffs, according to the World Bank.
Overall, though, the total remittances from Indian workers abroad was $8.3 billion in 2020, a drop of only 0.2 per cent from the previous year, the Bank s Migration and Development Brief released on Wednesday revealed.
India s remittances from the United Arab Emirates (UAE) recorded a steep decline of 17 per cent, but it was offset by resilient flows from the US and other host countries, it said.