REMITTANCES BY MIGRANT WORKERS INCREASE
During July 2011, workers’ remittances increased by 21.1% to 415 Million US Dollars over the same month of 2010.
Cumulative inflows on account of workers’ remittances amounted to 2,922 Million US Dollars during the first seven months of 2011. In the first half remittances growth was 26.4% to 2.5 Billion Rupees.
Earnings from tourism grew at a healthy rate of 50% to 451 Million US Dollars during the first seven months of the year. Total foreign inflows to the Government (including Sovereign Bond proceeds of one Billion) during the same period amounted to approximately 2,754 Million US Dollars.