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'Political Line' - Open The Magazine

'Political Line' - Open The Magazine
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remittances: Overseas Indians book return trips, send home record $29 billion in Q3

To be sure, remittances are a source of permanent flows, unlike repatriable NRI deposits, and these help in narrowing the current account deficit (CAD), which has steadily shrunk as a percentage of India s gross domestic product (GDP). ....

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Steadily climbing returns from FCNR! Overseas Indians send home record $29 billion in remittances

India Business News: Overseas Indians sent a record $29 billion back home in the December quarter through remittances, driven by increasing returns from FCNR instruments. ....

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