New Delhi: One of the largest sources of rural household income streams is via remittances from migrant workers who send billions of dollars back home staying far away from their homes, says a new book.
The global flow of millions of migrants who leave emerging countries to work in more established economies – and the remittances they send back home – have become one of the biggest drivers of economic change in the developing rural world, says Vijay Mahajan in his book “Rise of Rural Consumers in Developing Countries”.
“One of the largest sources of rural household income streams is via remittances from migrant workers. They might work in cities a few hundred miles from their hometowns, or thousands of miles away in other countries. Regardless of how far they go, they send billions of dollars back home,” he says quoting World Bank data.
