The speakers gave their views on the high dependence of Kerala’s economy on private remittances and the consequent concerns. The speakers felt that remittances help in poverty alleviation, economic and political empowerment of recipients but the reintegration of returning migrants poses a challenge. While there are long term adverse implications of over reliance on remittances for psychological and social problems faced by the people, remittances provide a stable source of external income and need to be channelized properly. This would be possible with an improvement in the ease of doing business in Kerala which can help entrepreneurship and job creation. The audience was able to participate in the discussions by sharing their perspectives and getting their questions answered.
IIM Kozhikode In Association With RBI, Thiruvananthapuram Conducted A Seminar On The 'Role Of Private Remittances In The Socioeconomic Scenario Of Kerala’
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