Economy of Kerala largely depends on the financial contribution of Non-resident Keralites. About 90-95% of the emigrants from Kerala belong to West Asia. In the context of the recent global economic slowdown, it is estimated that nearly 37000 Keralites working in gulf countries have been compelled to return home after losing their jobs.
As per statistics, Dubai holds the highest rate of economic breakdown that is 43% in the first half of 2008 and 30 % in the first half of the 2009. Where Oman has the least 2% and 3% respectively (Source: Gulftalent.com). The average age of gulf returnees is 41.6 year... The return emigrants want Government’s help in their rehabilitation. Their main argument is that while working abroad they had remitted large amounts to their home state and that their remittances had helped the country to maintain the foreign exchange reserve at a comfortable level. Emigrant workers sent back about Rs 12,000 crore in the year 2000 as remittances. The banks in Kerala had an NRI deposit of Rs 13,329 crore in 1999 and Rs 20,045 crore in 2000 as on 30th September. This is more than Rs 6,000 per person in 2000. The report, “Decade of Kerala’s Gulf Connection, Migration Monitoring Study, 2008″, said foreign remittances increased from Rs.184,000 crore ($38 billion) in 2003 to Rs.433,000 crore in 2008.
The return emigrants believe that because of their contribution to national foreign exchange reserve, they have a right to get financial assistance and other help from the Government at their time of need. Government has no long term services to support these returnees. It was not a temporary scenario, the statistics shows the rate of returnees increased year by year. The research examine their problems relating rehabilitation.
As per statistics, Dubai holds the highest rate of economic breakdown that is 43% in the first half of 2008 and 30 % in the first half of the 2009. Where Oman has the least 2% and 3% respectively (Source: Gulftalent.com). The average age of gulf returnees is 41.6 year... The return emigrants want Government’s help in their rehabilitation. Their main argument is that while working abroad they had remitted large amounts to their home state and that their remittances had helped the country to maintain the foreign exchange reserve at a comfortable level. Emigrant workers sent back about Rs 12,000 crore in the year 2000 as remittances. The banks in Kerala had an NRI deposit of Rs 13,329 crore in 1999 and Rs 20,045 crore in 2000 as on 30th September. This is more than Rs 6,000 per person in 2000. The report, “Decade of Kerala’s Gulf Connection, Migration Monitoring Study, 2008″, said foreign remittances increased from Rs.184,000 crore ($38 billion) in 2003 to Rs.433,000 crore in 2008.
The return emigrants believe that because of their contribution to national foreign exchange reserve, they have a right to get financial assistance and other help from the Government at their time of need. Government has no long term services to support these returnees. It was not a temporary scenario, the statistics shows the rate of returnees increased year by year. The research examine their problems relating rehabilitation.
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