Economics · Balance of Payments & Remittances
With reference to workers' remittances received by India, consider the following statements: I. They are recorded in the current account of the Balance of Payments. II. They form a direct component of India's official foreign exchange reserves upon receipt. III. The largest share of India's remittance inflows originates from a single developed economy. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and III only
- 2I only✓
- 3II and III only
- 4I, II and III
Correct answer
I only
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