In the News
Oil slump hits Indian remittance incomes
30th September 2016
I've just started looking at the interconnected nature of markets - and this is a lovely example.
You will find more statistics at Statista
The collapse in global oil prices has seen a number of Saudi companies close and their Indian workers have gone home to Rajasthan. This has implications for levels of demand in parts of Rajasthan that were previously partly dependent upon the remitted incomes from expatriate workers in Saudi Arabia.
Saudi Arabia's large migrant workforce saw it send $45 billion in remittances in 2014.
Economics is a tangled web...
You might also like
The Power of Remittances
19th October 2014
Sugar Cane and Economic Development in Mauritius
20th October 2014
Growth and Development in the Ivory Coast
20th October 2014
Growth and Development in Ethiopia
17th October 2014
Development Progress for the Ivory Coast
2nd February 2014
Macro Policy Challenges in India and Japan
26th January 2014
China’s Development - Past Present and Future
25th January 2014