Migration, Remittances and Capital Flows: The Indian Experience

Abstract

The object of this book is to construct a profile of international labour migration from India, to analyse the macro-economic impact of the labour flows and the associate financial flows on the national economy, and to discuss the issues or problems that arise in a wider macro-economic context with reference to the Indian experience. To begin with, the author sets out a theoretical framework to analyse the macro-economics of international migration. The first part of the book outlines the dimensions of and the trends in, these migration flows and financial flows. It puts together the evidence, based on published and unpublished data from primary source, on migration, remittances and capital flows, to sketch a picture of international labour migration from India that has not been available so far. The second part of the book analyses the macro-economic implications and consequences of migration. It seeks to assess the impact of labour flows on output and employment, and of financial flows on output and employment, and of financial flows on savings, investment and the balance of payments. This leads to a discussion of policies, problems and issues apropos the export of workers, the inflow of remittances and the movement of capital. In conclusion, the author sets out some prescriptions which would facilitate the maxmimization and the socialization of benefits from international migration in the wide context of economic developement. This book, on a relatively unexplored theme in economics, makes an important contribution to our knowledge of migration across national boundaries and to our understanding of its implications and consequences for labour exporting countries. It should also be of interest to scholars in other social science disciplines and to policymakers in governments who are concerned with international migration.

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