ABSTRACT

This chapter deals with the remittances from Gulf nations to India. It offers an up-to-date analysis of how the changing economy in states such as Qatar and the Kingdom of Saudi Arabia with the ongoing political and economic upheavals might impact the remittances landscape and what it might mean for the recipient states. The migration to the six Gulf-Cooperation Council countries, Bahrain, Kuwait, Oman, Saudi Arabia, and the United Arab Emirates, is the one driving remittances. As Naufal and Temor point out, the annual Gulf-Cooperation Council gross domestic product growth rate for the period between 2002 and 2006 ranges between 2.1 per cent to 9.4 percent with an average of the 6.5 per cent. The regime that governs the ‘legitimate’ flow of money involves: the government of each country, international organizations such as the United Nations, nonprofit institutions, banks, money transfer companies, and so on.