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A worker employed in another Indian city regularly sends part of their earnings to family members in their home village. What is this money commonly called?

Answer and explanation

Correct answer: Remittance

A remittance is money sent by a person, often a migrant worker, to another person or household, commonly family members. Such transfers can support household spending, education and other needs. Studying remittances helps Social Science explain economic connections between migrants and their home communities in India.

Related tags

RemittancesMigrant WorkersHousehold IncomeInternal Migration

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