The share of remittances from the Gulf Cooperation Council (GCC) region to India has declined in 2021, the Reserve Bank of India said, reflecting a slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most during the pandemic period. The central bank made these observations in a recent article titled 'Headwinds of COVID-19 and India's Inward Remittances'. Remittances are the second ...