Journal Press India^®

Author Details ( * ) denotes Corresponding author

Remittances from migrant population are becoming increasingly vital for many countries, including India, in order to maintain their balance of payments and fund household expenditure. Diaspora direct investment may represent an emerging form of investments, especially for nations with a large population of diaspora worldwide. This study examines the role of remittances received from Indian Diaspora residing in different countries, foreign investments and exports in fostering the economic growth of India. Further, the relationship between foreign direct investment, export, remittances and growth is ascertained in order to understand their impact on each other. Authors provide policy recommendations on the basis of their findings.

Keywords

Economic growth; FDI; Remittances; Exports; Long-term relationship; VECM; Causality

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