Remittance is the most beneficial private transaction in the global economy. The South Asian region accounts for about one fourth of the global remittance flows destined for developing countries, contributing to over ten percent of the gross domestic product (GDP) of South Asia. This significant amount of remittance has enormous potential for development in the region. The volume, essentially a South Asian viewpoint, provides theoretical treatments of remittance and how its development potential is translated into reality. The authors meticulously delve into the diverse mechanisms through which migrant communities remit, investigating how recipients engage in the development process in South Asia.
