remittances: Overseas Indians book return trips, send home r

To be sure, remittances are a source of permanent flows, unlike repatriable NRI deposits, and these help in narrowing the current account deficit (CAD), which has steadily shrunk as a percentage of India's gross domestic product (GDP).

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Baroda , Gujarat , India , Mumbai , Maharashtra , Mexico , Saugata Bhattacharya , Madan Sabnavis , Money Transfer Service Scheme , Axis Bank , World Bank , Overseas Indians , Reserve Bank ,