ABSTRACT
In recent years, migration has received policy focus as a viable livelihood option and as a major development mantra in many developing countries including Bangladesh, partly because of the increasing flow of remittances. Officially recorded remittances to developing countries have reached more than US$400 billion dollars approximately in 2012 and are expected to grow further to US$515 billion in 2015. Remittances help sustain growth and development in competitive global and ever expanding local markets and are both directly and indirectly linked to poverty reduction. According to the World Bank (2013), South Asia has emerged as the largest recipient of remittances in Asia in 2012 along with South East Asia due mainly to India’s consistent top ranking along with the increased remittances flow to Bangladesh and Pakistan.
