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Diaspora dollars: be thankful for non-residents sending money home but let’s not taken these flows for granted

India's foreign exchange reserves are stable, largely due to strong diaspora remittances. Despite pressure from high crude prices and weak capital inflows on BoP, PM Modi urged residents to conserve forex, recommending less foreign travel or fuel use. India leads global remittances, but residents must also actively contribute. This combined effort, with diaspora support and resident actions, is vital for India's economic resilience.

LiveMint · Mint Editorial Board · May 13, 2026 at 2:00 AM

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