Current Affairs - Economy - Discussion

The Reserve Bank of India recently conducted the 6th round of the Remittances Survey for the year 2023-24. This survey shows a significant change in the sources of remittances, with advanced economies like the US and the UK now contributing more compared to Gulf nations. It also highlights factors such as improved job opportunities in these countries and a decline in demand for low-skilled labour in Gulf countries, leading to a shift in migration patterns and remittance sources.