New Delhi, Jan 29 (IANS) India remains the world’s largest recipient of remittances, with inflows reaching $135.4 billion in FY25, supporting stability in the external account, the Economic Survey 2025-26 said on Thursday.The share of remittances from advanced economies increased, reflecting a growing contribution from skilled and professional workers, said the Survey tabled by Finance Minister Nirmala Sitharaman in Parliament.A unified effort to reduce manufacturing costs is required for enha…
Latest External Debt News & Updates
New Delhi, Jan 3 (IANS) In view of the increased dependence of Dhaka on the Belt and Road Initiative (BRI) of China, it is no wonder that Bangladesh is slipping into a debt trap the way Sri Lanka had, a new report has warned, saying that Dhaka is now paying the price of accepting Chinese loans, but refusing to learn.Bangladesh has gone the same way as its South Asian neighbours like Sri Lanka, according to a report in Asian News Post.Following unsustainable borrowings from China, in 2022, Colomb…