Economy, asked by mousumideka04, 4 months ago

why are remittance sent by a non resident indian not a part of Indian National income?

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Answered by Anonymous

Answer:

A Non-Resident Indian (NRI) or a Person of Indian Origin (PIO) may remit an amount up to USD one million, per financial year, out of the balances held in his Non-Resident(Ordinary) Rupee(NRO) account / sale proceeds of assets (inclusive of assets acquired by way of inheritance of settlement), for all bonafide purposes, ...

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