Over a period of time they have invested in properties, fixed deposits, stocks here. They either redeem these investments or sell them and transfer the money to their bank accounts abroad.
Source: ET – NRI forex and Remittance
India to retain top position in remittances with $80 billion: World BankIndia is followed by China (USD 67 billion), Mexico and the Philippines (USD 34 billion each)...
For every $1 billion remitted, 117 Indians die in 6 Gulf nationsThe embassies in Gulf countries have not been forthcoming in providing data under RTI on the...