Remittances from Gulf may not be hit: Finance Secretary

Published on Fri, Nov 27, 2009 at 15:53 |  Source : Reuters

Updated at Mon, Nov 30, 2009 at 15:28  

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Remittances from Gulf may not be hit: Finance Secretary

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Finance Secretary Ashok Chawla said on Friday Dubai debt worries are unlikely to impact remittances from the region.

"I am not sure because the expats who are there, the remittances didn't suffer during the period when the larger crisis was on," Chawla told reporters when asked about the likely impact on remittances from Indian expats in the region.

"So whether this should have an impact in terms of employment, in terms of salaries, and therefore in terms of remittances, is somewhat unlikely," he added.

  

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