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)].


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It is a transfer income. So not included
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