Rajan, a professor at the Center for Development Studies in Thiruvananthapuram, Kerala, said there had been no significant decline in remittances to the state.
Corona virus infection has also damaged people’s health and personal lives at home and abroad. According to official data, between May 2020 and January 2021, about 8.43 lakh people returned to Kerala from India. However, 5.52 lakh of them have given reasons for returning to their jobs.
In other words, out of 5.52 lakh people who lost their jobs abroad due to the coronavirus epidemic and returned to Kerala, 1.40 lakh people returned home in a month. According to media reports, 2.06 lakh people who returned to Kerala have given reasons for their repatriation, expiration of work visas and other reasons.
Statistics indicate that the job crisis is growing because of the epidemic. Due to this, the economy of Kerala will be in trouble for a long time. It is said that it will also have a detrimental effect on remittances from Gulf countries to Kerala.
Rajan, a professor at the Center for Development Studies in Thiruvananthapuram, Kerala, said there had been no significant decline in remittances to the state. Professor Rajan further said that in 2018-2018, a total of Rs 75,000 crore was sent by Kerala people working abroad. In 2020, it was estimated to reach Rs 1 lakh crore. However, it could decline by 10 to 15 percent this fiscal year.