Remittances by nri are a part of national income. True or false? Justify
Dear Student,
Remittances by NRI do not form part of National Income. Hence, will not be included because it is a transfer income. So, the statement is False.
GNI = GDP + [(income from citizens and businesses earned abroad) – (income remitted by foreigners living in the country back to their home countries)].
Regards
Remittances by NRI do not form part of National Income. Hence, will not be included because it is a transfer income. So, the statement is False.
GNI = GDP + [(income from citizens and businesses earned abroad) – (income remitted by foreigners living in the country back to their home countries)].
Regards