{"id":364968,"date":"2020-07-27T12:11:52","date_gmt":"2020-07-27T06:41:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=364968"},"modified":"2020-07-27T12:56:38","modified_gmt":"2020-07-27T07:26:38","slug":"remittances-to-india-likely-to-decline-25-fall-in-oil-prices-to-hit-flow-from-gulf-region","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/remittances-to-india-likely-to-decline-25-fall-in-oil-prices-to-hit-flow-from-gulf-region\/","title":{"rendered":"\u2018Remittances to India likely to decline 25%; fall in oil prices to hit flow from Gulf region\u2019"},"content":{"rendered":"<p>Remittances to India are estimated to decline sharply by about 25 per cent in FY2021 amid the economic crisis induced by the COVID-19 pandemic and shutdown, according to a global banking group. \u201cBased on an analysis, we expect private transfers to slow to $55-60 billion in FY21 on a year-on-year basis,\u201d Swiss banking group UBS said.<\/p>\n<p>India is the largest recipient of remittances (in value terms) in the worId and received nearly $76 billion of flows (2.7 per cent of GDP) in FY20. These flows help boost household income, support private consumption and add stability to current account balance (CAB), UBS said in a report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remittances to India are estimated to decline sharply by about 25 per cent in FY2021 amid the economic crisis induced by the COVID-19 pandemic and shutdown, according to a global banking group. \u201cBased on an analysis, we expect private transfers to slow to $55-60 billion in FY21 on a year-on-year basis,\u201d Swiss banking group UBS said. India is the largest recipient of remittances (in value terms) in the worId and received nearly $76 billion of flows (2.7 per cent of GDP) in FY20. These flows help boost household income, support private consumption and add stability to current account balance (CAB), [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-364968","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=364968"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364968\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=364968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=364968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=364968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}