The CNN-IBN story about the fundamental diffrences between the NRI's of kerala and punjab and their remittance investment pattern is clearly shown in this video.
Good work by Reporter Divya.
Its high time that NRI's start doing something more productive than building a posh house in Kerala and making it a concrete jungle!
"At least 40 per cent of India’s international revenue is attributed to the remittances from Keralites. Around two million people from Kerala live abroad and another one million are temporary migrants, most of them construction labourers. The money this collective workforce sends back home is fast changing lives in Kerala.
"..."But where Punjab differs from Kerala is the way the money is being spent....With low water levels, agriculture was a challenge in this area. So many left for foreign shores. Today, NRI money—mostly from Canada and the US—is ploughing Punjab's economy forward. Over the last four decades, remittance money reinvested in agriculture has hiked farm incomes and changed the face of rural Punjab."
Regs
Citizen kerala
You can watch the the Video and post at http://www.ibnlive.com/news/remitted-with-love-punjab-kerala--migrant-money/64052-3.html
Sunday, April 27, 2008
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