Remittances are important entry of the balance sheet of macro-accounting of a developing economy. It is believed that remittances can play a balancing role in trade deficit as well as exports receipts. Recently, remittances have contributed significantly to the gross national product (GNP) in many developing countries, including India, Mexico, Philippines and Egypt. India has […] The post Remittances: A Windfall Gain? appeared first on The Friday Times - Naya Daur.