Hello and namaste. I'm Divina Gupta and today on Business Daily we take a look at the flow of money around the world that has the power to reshape economies.

I'm talking about billions of dollars that migrants send from one country to the other. This money is called remittance, or remittance, in some parts of the world.

When you do send many, there are certain walks, there are certain commitment which get fulfilled.

So it's all the way at the end. It's feel happy.

In 2022, the World Bank calculated that migrants sent home nearly $800 billion.

80% of that was sent to low and middle-income countries.

And India received $100 billion, the largest amount.

The actual number is likely to be larger than that.

And they are sending a huge amount of money from all over the world.

But how much of this money is actually helping in India's development?

And what are the dangers of depending on a remittance economy?

There's definitely an element of that workforce which wants to apply for jobs abroad

as a ticket to bright financial future for themselves and their family.

We look at all those questions on Business Daily as we talk about the big Indian

remittance economy.

Hi, hi, good morning.

That's how Mehub Alam, who works in Saudi Arabia, usually connects with his family in India.

He's an electric engineer in the Saudi National Oil Company, Aramco, and tells me how he transfers

money back home every month.

We came here to save only money because I do not have family here.

My whole family live in India.

So I have to send it back.

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