Minimal impact on remittances likely

REMITTANCE FLOWS TO India are expected to remain largely stable despite rising tensions in West Asia, according to bankers and economists.

- KSHIPRA PETKAR

Any meaningful disruption is unlikely unless the conflict deepens and begins to hurt the region’s economies or the employment prospects of Indian migrant workers.

Bankers believe it is still premature to gauge the full impact. The managing director and CEO at a private sector bank said the real risk would emerge only if tensions persist long enough to affect economic activity in the region.