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Overview
This book profiles international labor migration from India as a means to analyze the macroeconomic impact of labor flows and the associated financial flows on the national economy. The author first outlines the dimensions of and the trends in these migration and financial flows. He combines evidence from published and unpublished primary sources on migration, remittances, and capital flows to sketch a picture of international labor migration from India that has never before been available. He goes on to analyze the macroeconomic implications and consequences of migration. Through this analysis, he assesses the impact of labor and financial flows on output and employment, and of financial flows on savings, investment, and the balance of payments. In conclusion, the author sets out future guidelines which would facilitate the maximization and the socialization of benefits from international migration in the context of economic development.