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In Kerala, the dependence on funds sent from abroad is a not-so-secret element
of the state’s developmental success. One in every four households in the state
includes a migrant who works abroad, according to a 2018 survey.
Kerala received about $15 billion in remittances last year, according to Dilip
Ratha, the lead economist on migration and remittances at the World Bank.
That’s more than a tenth of the state’s entire economic output. As remittances
fall, so too will tax revenue, limiting the state government’s ability to help people
during what is shaping up to be India’s worst recession in modern history.