UPSC economy: Remittances as India's external sector pillar beyond FDI and FPI
Everyone talks about FDI & FPI. Very few talk about the real pillar holding India’s external sector together - Remittances. One newspaper clipping, multiple UPSC concepts: • CAD • Balance of Payments • Rupee depreciation • External sector vulnerability • Diaspora economics This is how UPSC links current affairs with static economy.