Re: WHERE IS AMERICA ? by SEKKU SEKKU on Nov 07, 2009 03:25 PM Its clear you dont seem to understand what is being talked about here. Its money flowing from the advanced countries to India by Indians who have migrated abroad. US, UK and other countries dont top this list because they dont go abroad to earn money and remit it back to their homes.
Re: WHERE IS AMERICA ? by jolly on Nov 07, 2009 03:25 PM we need more idiots like bhola kumar... who just clicks the next button on and on.. without having no clue what it is about.. country which has maximum remittances or loose motion.. makes no difference to him cuz he cant read!!! this article specifically says that it is about money flowing from developed countries to developing countries.. considering that india and china have the most non-residents and then followed by mexico.. this was bound to happen.. very few canadians or british or french or japanese or singaporeans (quoting from his list) actually migrate.. they do.. but very few!!
Re: WHERE IS AMERICA ? by surya das on Nov 07, 2009 03:26 PM Dear Bhola, u are really bhola. What do u mean by remittance? People who are working out side of their country sending money to their home to support their family, relatives, and other related purposes. Do u think US, England, Germany, Japan, France, South Korea, Singapore, Switzerland, HK, Aus, Canada and many developed economy are working in other countries and sending their money? So, that is the main reason why these names are not here. Actually we are working for them with a low labour cost but due to weak currency value of INR when we convert to Rupee, it turns out to be huge amount, and more over, we Indian are working all over the world and sending money to India. Hope, this cralifies you.
Re: Re: Re: WHERE IS AMERICA ? by surya das on Nov 07, 2009 07:28 PM If this not weak INR then wht is that? 1 year before it was 1 USD = INR 39, now it is trading at INR 47.50. Nearly 21% weaker against USD, do u know what is the 21% difference in currency trading? It is not weak against USD, but also EURO, AUD, SGD, YEN every major currencies. Not like in 1972 when, 1 USD = INR 17, And, the big difference is all major currencies are getting stronger against USD, that gives India have an edge cause people are sending money using various currencies, which have bigger value against USD.
I work in Hyderabad India. As a software Engineer I am the common man of India. A little sarcastic and cynic as every Indian child grows up to be. I have started to blog again after a long gap of two years. ( As If people are waiting ) . Will try my best to keep this informative since collection of knowledge is all that I know