01717cas a2200241 a 4500 AALejournalIMF003911 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862430 1018-5941 BD-DhAAL BD-DhAAL Gupta, Poonam. Macroeconomic Determinants of Remittances : Evidence from India / Poonam Gupta. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Remittances to India have been growing rapidly since 1991, making it one of the largest recipients of remittances. This paper analyzes the determinants of remittances to India and finds that their growth over time can be explained by the increase in migration and total earnings of the migrants. Remittances are also affected by the economic environment in source countries, and appear to be countercyclical-that is, higher during periods of low economic growth in India. None of the remaining economic or political variables considered in the paper, including political uncertainty, interest rates, or exchange rate depreciation, are found to affect remittances significantly. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2005/224 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/224/001.2005.issue-224-en.xml IMF e-Library