Is money received by a family in India from relatives working abroad included/excluded in national income?
Is money received by a family in India from relatives working abroad included/excluded in national income?
Anurag Pathak Changed status to publish December 9, 2023
No,
The money received by a family in India from relatives working abroad will not be included in the national income as it is a transfer receipt.
Explanation:-
The money received by a family in India from relatives working abroad is merely a transfer payment.
The family in India does not provide any productive services against it.
Thus, it does not add to the current flow of goods and services in the economy.
Anurag Pathak Changed status to publish December 9, 2023
