An Indian columnist on India's dependence on remittances:
Between 2001 and 2012, they remitted $339.3 billion. This was more than the total foreign direct investment flow into India during 2000-2014 which was only $326,509 million according to our commerce ministry.
I note he cites the Phillipines too:
Their 10.5 million overseas workers, including 1.074 million “irregular” workers, remitted $20 billion during 2011. This is 11.17 per cent of the country’s gross national product (GNP).
Link:http://www.asianage.com/columnists/o...t-out-mind-047