Question

The inflow of remittances from Non-Resident Keralites (NRKs) has contributed to financial empowerment by:

• A. Leading to a decrease in local employment opportunities
• B. Significantly increasing the state's per capita income
• C. Causing a rise in inflation due to increased consumer spending
• D. Resulting in a decline in the state's overall savings rate

Answer 1

Answer:

B. Significantly increasing the state's per capita income

• NRK remittances are a major driver of the Kerala economy, contributing to a high per capita income.

• This disposable income is often invested in housing, education, and small businesses, creating a multiplier effect that empowers the local economy.