A Review of Non-Resident Keralites Income and Investment in Kerala’s Growth Story
Title
A Review of Non-Resident Keralites Income and Investment in Kerala’s Growth Story
Authors
Abdul Khader | Mohamed Ali Mohideen
Keywords
Keralites | Income
Publication Details
Vol: 11; No: 4; Dec. 25 | ISSN: 2455-3921
Abstract
This study thoroughly examined the growth story of Kerala state in India which is witnessing the Increasing income level, Consumption and positive contribution to Gross Domestic Product of the state based on reviews. It is proven that increase in Income level will lead to Investment and Socio-economic development The Indian diaspora accounts for 34.3 million people living in various parts of the world including the United States of America and the Gulf countries are the top most destinations. According to World Bank report, India received nearly $135 billion in remittances with a remarkable annual growth rate of 14%. Kerala is home to a large number of Non-Resident Indians living in Gulf countries. Remittances are not only increasing the consumption pattern but also offsetting a significant portion of India’s trade deficit. The narrative review methodology was adopted focusing on the contribution of foreign remittances to the socio-economic development in the Kerala state. Non-Resident Indians hailing from Kerala state are referred as Non-Resident Keralites. The reviews were collected between 2008 and 2025, relevant to foreign remittances in the Kerala state alone. Those studies strongly support the role of foreign remittances in increasing the living standard of the people, thereby improving the social conditions, which include quality education and healthcare.
Corresponding Author
Dr. J. Abdul Khader, Assistant Professor of Commerce, Sadakathullah Appa College (Autonomous), Tirunelveli, Tamil Nadu, India
