Family Sending Money to India Help to Bolster Indian GDP
As India continues to top the charts for money remittance, their economy is experiencing a healthy recovery. Money transfer to India has been a stabilizing force for their economy in a number of ways. In 2014 alone, $70 million American dollars were sent to India. Not only was this money a welcome contribution to households depending on money sent to them due to lost wages, this cash infusion has positively affected the Indian economy on a macro level.
Continue reading U.S. Workers Sending Money to India Encourage Foreign Growth
Money Remittance to India Continues to Soar
Anyone who wants to send money to India today is in for a treat – given the state of the economy as of May 2015, you can enjoy some of the best rates in the remittance industry. India topped the charts for the amount sent in remittances during 2014 with a total of $70.39 billion in transfers. China came in second with $54.14 billion, and the Philippines came in third with a much lower amount of $28.40 billion. Continue reading India Tops Remittance Charts, Again