Laddar...
IMPACT OF RUPEE APPRECIATION ON NON-RESIDENT MALAYALEES
The external value of rupee has been going up steadily from 2003-04 onwards. This appreciation of rupee has been adversely affecting Kerala economy, dependent heavily on remittances from non-resident Malayalees (NRMs). In this paper, we make an estimate of the annual remittances from NRMs and the lo...
| Huvudupphovsman: | |
|---|---|
| Materialtyp: | Printed Book |
| Publicerad: |
CSESWP18
2008
|
| Länkar: | http://10.26.1.76/ks/002892.pdf |
| LEADER | 016130000a22001330004500 | ||
|---|---|---|---|
| 100 | |a K.K. GEORGE REMYA S | ||
| 245 | |a IMPACT OF RUPEE APPRECIATION ON NON-RESIDENT MALAYALEES | ||
| 260 | |c 2008 | ||
| 260 | |b CSESWP18 | ||
| 520 | |a The external value of rupee has been going up steadily from 2003-04 onwards. This appreciation of rupee has been adversely affecting Kerala economy, dependent heavily on remittances from non-resident Malayalees (NRMs). In this paper, we make an estimate of the annual remittances from NRMs and the loss suffered by them during the period 2003-04 to 2007-08(Apr-Sept). According to our estimates, the annual remittances from NRMs ranged between $ 3315 million (Rs.16044 crores) in 2002-03 to $ 5359 million (Rs. 24269 crores) in 2006-07. Our estimates place the total loss toNRMs on account of rupee appreciation at Rs 8660 crore during the four and a half year period covered by our study. The study finds that the quantum of annual loss exceeds the quantum of other fund flows to Kerala including the flow of plan-grants from the Central government. We also make an attempt to assess the impact of rupee appreciation on the working and living conditions of the NRM community abroad and their dependants back home. The study notes that continued appreciation of the rupee can weaken the competitive advantage of NRMs in the labour markets abroad. It can reinforce the already existing trend of decline in emigration from the state. | ||
| 856 | |u http://10.26.1.76/ks/002892.pdf | ||
| 942 | |c KS | ||
| 999 | |c 72280 |d 72280 | ||
| 952 | |0 0 |1 0 |4 0 |7 0 |9 64244 |a MGUL |b MGUL |d 2015-08-01 |l 0 |r 2015-08-01 |w 2015-08-01 |y KS | ||