Almost 80 percent of global remittances are majorly drawn by 23 countries led by India, China, the Philippines, Mexico and Pakistan, making India a powerhouse in terms of Remittance inflow. A large chunk of these remittances is put in to the overall progress and advancement of the nation and hence, valuable contribution of immigrants to India’s well-being is undeniable.

A UN Report has found that as many as 8.9 million Indians have relocated to the Gulf region led by UAE and Saudi Arabia. The foreign remittances act as a financial glue to the budgetary deficit faced by the country on several occasions. Also, it encourages large scale investment opportunities and the chief source that fuels this phenomenon is Immigration of Indians to international lands. Non-Residence Indians or NRIs not only send back a large part of their earnings back to India but act as brand ambassadors to India, representing India in the most positive light, thereby building solid value and positive image for India in overseas countries. This slew of foreign transfers not only builds the financial health of the nation but also benefits the overall development of the society in terms of education, healthcare and community growth.