Pravasi and Foreign Remittance.

Introduction

The money known as Pravasi and Foreign remittance reached the home country of the worker and then it was used by his/her family. This is mainly used for fulfilling their needs such as food, shelter etc. 

The drawbacks of Pravasi and Foreign remittance are:-

• Although the money is mainly sent back home to help their family out, there is a huge risk of fraud in the foreign country.
• This money cannot be easily kept under watch and hence can too easily be used for terrorist organisations and other illegal work.

Importance of remittances are:- 

• Nearly 75% of all foreign remittances are used for the important task of feeding their own families. 
• In many countries foreign remittances add up to become 4% of the country’s GDP.
• Nearly 50% of remittances were used to go to the workers’ households which were fairly poor and in rural areas. This helped in the development of those rural areas.

Migration

Migration is a permanent movement of people due to any reason, mainly work, from one location to another. While migrating the worker can have intentions of settling down in that place.

There are two main aspects of migration –

• Voluntary migration – This is an important aspect of migration. It is the type of migration of people in which the migrants migrate with their own free will. This might happen due to finding work or any earning purposes.

• Forced Migration– This mainly includes migration of refugees or people who were discarded by one country. In this the migrants don’t have any choice except from migrating to other countries.

According to Lee’s law the two groups of factors were push and pull factors.

Push Factors – Push factors are those reasons which disturb the normal living of a person and push him out of the country. Some examples of push factors are fewer jobs in the country, limited opportunities, death threats, loss of wealth, pollution, disease etc. These factors are the factors which make it inevitable for the people to leave the country they are staying in.

Pull Factors – These factors are completely opposite to the previous factor. Usually the pull factors are the facilities which the country can produce to lure in migrants. Some of these factors are better education, better financial opportunities, industrial development in the other country etc.

 Pull factors are those factors which attract the person to migrate to another country.

Impacts of Migration

Any activity has positive and negative impacts both. 

The positives impacts of migration are :- 

• Reduction of overall unemployment and it opens better job chances.
• After migration children usually get better educational infrastructure.
• It leads to a better quality of life. 

The negatives impacts of migration are:-

• More population means putting pressure on resources and facilities. 
• Increased competition in workplaces
• Exploitation of migrants is a common ill-practice.

Conclusion

The Pravasi and foreign Remittance also contribute to the GDP of the country. People work for a better lifestyle for their family. There are various downsides to this too. However migrants are sometimes not treated in the right way and can be misguided and misused. Migration of people brings both positive and negative points. However it is a thing to be happy that migrants get their  desired salaries and they can earn more than they could earn here. Positives and negatives of migration should be balanced and then the country’s economy would witness a rise.