What can countries with high transaction cost on remittance do? Adopt an Indian method

Needless to say, just as capital flows aid in import coverage for countries with persistent current account deficits, the same also holds true for remittances. A further breakdown of these flows by regions shows that in 2023, remittance inflows grew by 8 per cent for Latin America and the Caribbean, by 7.2 per cent for South Asia, by 3 per cent for East Asia and the Pacific, and by 1.9 per cent for Sub-Saharan Africa.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.