Ask NRIs to increase remittances: Assocham

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Increasing internal demand and motivating expatriates to send home more remittances may solve the Indian economy’s problems due to a depreciating rupee, an industry lobby said Sunday. “At present, NRI deposits are between $52 and $55 billion, which needs to be pushed up to an ambitious level of $75-80 billion,” said Assocham (Associated Chambers of… Read more »