• MANGAL SING KRO

Migration from a country is associated with the huge loss for that country in one aspect although it is the brain drain phenomena. However, emigration also creates economic opportunities in their origin countries. The remittances enhance welfare by raising community consumption level. The origin countries get benefited when reverse brain drain takes place. When the unemployed in the origin countries migrate to the foreign countries and send back remittances for their families create multi socio-economic benefits in the origin countries. It reduces unemployment burden as well as increases the consumption level of the family members. The remittances also lead to capital formation and hence, consequently help in creating employment opportunities. Indian Diaspora is one of the biggest Diasporas in the world. They spread all over the world at the present time. Even though India is bearing opportunity costs for its Diaspora, it is also immensely benefited in different aspects. Based on the secondary data, this paper tries to look at the benefits contributed by its Diaspora with special reference to the remittances.

Keywords: Unemployment, Diaspora, Remittances and Welfare

"Indian Diaspora and Their Contributions to the Indian Economic Development", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 2, page no.884-887, February-2020, Available :http://www.jetir.org/papers/JETIR2002339.pdf

"Indian Diaspora and Their Contributions to the Indian Economic Development", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 2, page no. pp884-887, February-2020, Available at : http://www.jetir.org/papers/JETIR2002339.pdf