Journal Press India®

FOCUS: Journal of International Business
Vol 12 , Issue 2 , July - December 2025 | Pages: 69-88 | Research Paper

Does Migration Affect Growth? An Empirical Examination of the Impact of Remittances, Foreign Direct Investments, and Exports on Economic Growth

 
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Author Details ( * ) denotes Corresponding author

1. * Vandana Goswami, Associate Professor, Department of Commerce, Satyawati College, Delhi, Delhi, India (vandana.g@satyawati.du.ac.in)
2. Prabha Rani, Associate Professor, Department of Commerce, Shyama Prasad Mukherjee College for Women, Delhi, Delhi, India (prabha@spm.du.ac.in)
3. Manju Dubran, Associate Professor, Department of Commerce, Satyawati College, Delhi, Delhi, India (manjudubran21@gmail.com)

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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