STUDY OF BEHAVIOUR OF NRI ABOUT FOREIGN EXCHANGE REMITTANCES
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Abstract
The foreign exchange remittances sent by non-resident Indians or migrants are an important component of the development finance for the growth, development and sustainability of countries. India has secured a good preference and position as the world's top beneficiary of remittances with USD 76 billion in 2020 with the fall of 9% due to ongoing coronavirus pandemic and global economic crisis.The present research study was done in the Maharashtra State which leads the number in remittances by non-resident Indians i.e. 18%. The present research study highlighted the foreign exchange remittance behaviour of NRIs. The present research study tried to understand the remittance behaviour of non-resident Indians with respect to demographic profile of the non-resident respondents from the state of Maharashtra.The remittance behaviour of non-resident Indian is studied with the help of demographic variables such as gender of respondents, age of respondents, occupation of respondents, education of respondents etc.
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