Why India Is The World’s Largest Global Remittance Recipient?
The Indian people are receptive to language, science, and technology. That is why the people have been able to migrate different countries of the world augmenting inward remittance to India.
India is the 2nd biggest country in the world in term of population and 7th largest country in terms of geography. Being a tropical country the Indian people are adaptable enough in all the circumstances. India is a country where six seasons are perfectly experienced. India is a developing country and has been developing by leaps and bounds for the last couple of years.
With the development of the technology, India has a high growth in the economy both in the domestic and global market. There has been a huge surge in the global remittance during last decades. There are competing countries where money transfer to Sri Lanka, China, Philippines, Mexico and Nigeria is extremely high. However, India is fated to be the top earner of foreign money.
In this article, we will explain the reasons behind the growth story of global remittance to India.
As we are aware of the fact that India is a highly populated country and having giant topography with a plethora of natural resources. The majority of the Indian people are young and laborious. The whole world is in search of young people to get global recognition. Though China is a big country, the fewer number people are young in comparison to India. That is why the whole world has an eye on the Indian young generation. During the last couple of years, the Indian people have migrated all over the world for the purpose of job and business.
Laborious and adaptable to every situation
India is the only country which is blessed by the nature to have experience of six seasons. The winter, rain, and summer are experienced equally. That is why the people are tolerant to any situation be it incessant rains, scorching heat or biting cold. Since it is a big country in terms of geography, the country experiences the seasons differently. Due to this reasons, the people are naturally tolerant, painstaking and adaptable to any situation and the corporate world is in search of hard-working people which is feasible in India only. These hard working people have kept their footstep across the world generating a huge amount of global remittance.
Indian people are highly receptive
The India people are highly receptive and knowledgeable. They can grasp anything with far less effort and time. That is why during the last couple of years, the Indian people have developed by leaps and bounds in the field of science and technology. The Indian people have a great role in creating Facebook, Google and Amazon like the business conglomerate.
Majority Indian understand English
The language of English plays an imperative role in the global business. Due to the presence of British in India before independence the Indian people have found it easy to learn the language of English. The internet and computer world are fully based on the language of English.
These are the basic reasons of India’s growth story of inward remittance. Today, the banks and third party agencies have been playing significant role to remit money to India and other destination of the world.
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ABOUT THE AUTHOR
Blaine Fabi is a prolific writer who has more than a decade of experience in the field writing articles and blogs pertaining to money transfer online. He is well versed in writing versatile financial content on the web.