Migration and the remittances that top 300 billion$

Migrants often seek greener pastures and then they settle down and seek ways of sending some of the benefits back home. This is all so true in the modern world. Today migrants go off to work at greener pastures [developed countries] and they send their profits home and this is what we call remittances. If you were to take all the remittances that the migrants managed to send home last year, well they reach a whopping 300 billion$ and that is a whole lot more than the financial aid being currently provided by the developed world to the lesser countries. The migrants have proved time and time again that they have the stuff and the perseverance to work harder which is why their talents are so widely respected by so many corporates like Microsoft.
The Migration of humans has been there for quite a while and it is this very same migration of the human species that has spread the human race to all corners of the world. We all came out of Africa in search of greener pastures and now we can all trace our roots all the way back to Africa. Today migration has taken a different form, it is driven more by purely socio economic factors than by mere socio factors as it was the case in that very first migration out of Africa. Today saw India top the list of having the most remittances sent by the migrants to home. India's remittances for 2006 stood at 24.5 billion$ and they managed to pip both Mexico and China for the top spot. What is interesting to note is that the Migrant remittance sis evolving the way that money transfers are made. Since most of the relatives of the migrants back home lack even a basic bank account, the money remittances are made using innovative methods for eg, some of the remittances have been made by using mobile banking methods. The migrants have always added value to the society at large and they have proved time and time again that they are as creative as the best of us!

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India outdoes the U.S and Japan by 2050!!!

Well it is common news that India's economy is surging ahead with more and more investment pouring form overseas.according to a new study,it clearly shows that India's economy will outstrip the United states and Japan by 2050 with a much more optimistic date put for 2030.
India needs to do a lot more as regards transparency and infrastructure development.but the good news,well,i should say,what is shocking experts world over is that while China had to invest more in infrastructure,be more transparent in business dealings and had to spend more on training its citizens,India spent very little on infrastructure[compared to China],still has problems with transparent business dealings and yet managed to provide quality work that turns to be better than the work provided by China.this has caused many people to take a very close look at their readings and it seems that the Two giants of Asia are in the race for the top global power.
Be that as it may,come 2050,the BRIC economies that includes Brazil,Russia,India and China will outstrip their American and European counterparts in GDP!something to much about,right?