False Propaganda about India’s Remittance from Bangladesh

[Black_cats]

I never said its no money. Just not as big as other way as far as the estimates go.

This is very different to you also saying Pew had an "earlier number" and it was "forced by India" to change it. Where is your proof on that? Pew has always literally just applied a world map to the bilateral remittance estimates by the UN. Same like other sites use maps/tables to illustrate the UN migration data estimates.



Did they quote their original source? If not, then might as well have been.

Silicon India when reported it was there, I saw that myself back in 2013-14. Now it is no longer included at Pew Research. But still including 4 billion remittance to Bangladesh when on remittance list provided by Government for 15 billion USD remittance we have received, India is not even on the list.

That money are mostly business expenses of Indian companies still getting included in the list.

This report also mentioned about Pew Research group but due to pressure from India the info is removed from the report.

Bangladesh Is The 5th Largest Remittance Source For India

• 
  
  Ibrahim Mahbub
• Information
• October 20, 2015

https://futurestartup.com/2015/10/20/bangladesh-is-the-5th-largest-remittance-source-for-india/


Bangladesh is the 5th largest remittance source for India, depicts a new infographic released by the Pew Research Center based on World Bank Remittance Data. India is the number one remittance recipient country from Bangladesh. More than $4.08 billion was remitted to India from the Bangladesh during 2012, compared with $15.69 Billion from UAE, $11 billion from the United States, $8.38 Billion from Saudi Arabia, $4.27 Billion from UK.

This is particularly interesting because, remittance is one of the biggest foreign currency earners for Bangladesh itself. It is the contribution of wage earners living abroad and doing hard work that has kept Bangladesh’s economy going. Below is a chart depicting India’s major remittance sources.

Source: Pew Research Center: Remittance Flows Worldwide in 2012

 

[Nilgiri]

Silicon India when reported it was there, I saw that myself back in 2013-14. Now it is no longer included at Pew Research.

Convenient. Should I look at waybackmachine internet archive next?

But still including 4 billion remittance to Bangladesh when on remittance list provided by Government for 15 billion USD remittance we have received, India is not even on the list.

Thats because of how the remittance network works. There is no banking + tax treaty for it between BD and India (because BD does not recognise presence/incomes of BD workers inside India)...and thus its routed through middle east mostly by the more official hundi/hawala types...and unofficial types do their stuff by other means (ground escrow etc).

Hence why everything is an estimate in first place compared to say UAE ---> BD.

This is all mentioned in the UN remittance and migration reports that pew uses.

That money are mostly business expenses of Indian companies still getting included in the list.

Nope, personal remittances are not estimated by companies banking profile.

That would be picked up officially in current and capital account of the country in question....given companies are large entities that cannot simply have 0 finance footprint for tax authorities.....as opposed to informal sector ppl sending back little bits of money all adding up to big amount in the end.

Such Top down vs bottom up data will only align up better once more of the economy in region is formalised.

Till then one can simply analyse the huge deficit Bangladesh has with India on trade, look at what comes through capital account (since they should add to 0) and then check the exchange rate movement (which happens to be quite static). The discrepancy will basically give you the envelope size of what is transacted unofficially. Where you think UN derives its estimates in the first place?

There is a reason for example why China offers you good sweet low interest loans (capital account) in exchange for the trade deficit you run with them too...because simply it has no mass of BD workers present there remitting to you already and reducing the envelope buffer for doing it thru capital account officially.

 

[Homo Sapiens]

$1500 package (Salary + perks) is not something uncommon for middle tier in good local companies and multinationals in Pakistan, top management get way more than that. Expats normally get more salary than what they can earn at home country otherwise why they'll leave home.

Common/uncommon is different thing. Fifteen hundreds dollar or more salary is also common in Bangladesh. It is all depends on how common is defined by any one. I was saying about do they exist in millions of number in Pakistan? If they don't then it is unreasonable to expect such salaried job to exist in Bangladesh in a number that 500k foreigners are invited to do that kind of jobs. In countries(both Bangladesh and Pakistan) where yearly per capita income range between 1500-2000 dollar, it is unreasonable to expect that such high salaried job exist in millions in number.

 

[Nilgiri]

Source: Pew Research Center: Remittance Flows Worldwide in 2012

Yes you are right, I checked the UN source data and it does list this for 2012. Again as time progresses, the analysis/estimates get better (by looking at capital/current account and degree of formalisation).

It is not a repression by Pew on purpose "because of bogeyman India"....simply UN + worldbank estimates changed for each year (and pew simply uses the UN estimate).

For 2012 it was (estimate) about 4 billion remitted from BD to India, and India to BD was 6.5 billion USD. This could be from various analysis methodology on the current/capital account back then (which was not as clear). Also interesting to note it was with data from before the BD stock market scam....so there is likely some capital account data that changed structurally afterwards.

From 2013 onwards, the estimate is clearly largely one way street.

If BD has a problem with what this analysis shows, it should take it up with WB (IRBD) and UN and affiliates.

Or better yet, work to join SDDS reporting so there is more high frequency data that is formalised, correlated and collated for use in such estimates (on capital/current account trends with each bilateral country).

Everyone can check for themselves, there is no conspiracy with "pew/india" collusion:

http://www.worldbank.org/en/topic/m...asporaissues/brief/migration-remittances-data

It (estimate) might also simply be sensitive to estimate of migration numbers in respective countries (since they propel the remittance)

Before 2013, UN estimated around 1 million indian migrants in Bangladesh.....but 2013 onwards this dropped big time to 33k.

Whereas numbers for BD migrants in India numbered around 3.3 million in the estimate previously (2010) and stays around that level from 2013 onwards.

If BD has problem again with these estimates, it should take it up with UN and all its affiliates doing the estimates.

Was it backworked or forward worked (the migration stock numbers) according to capital/current account discrepancy trends? That would need much more transparency of the analysis methodology at work.

 

[Bilal9]

Common/uncommon is different thing. Fifteen hundreds dollar or more salary is also common in Bangladesh. It is all depends on how common is defined by common by any one. I was saying about do they exist in millions of number in Pakistan? If they don't then it is unreasonable to expect such salaried job to exist in Bangladesh in a number that 500k foreigners are invited to do that kind of jobs. In countries(both Bangladesh and Pakistan) where yearly per capita income range between 1500-2000 dollar, it is unreasonable to expect that such high salaried job exist in millions in number.

Let's look at Grameenphone salary estimates,

https://www.glassdoor.com/Salary/GrameenPhone-Dhaka-Salaries-EI_IE405018.0,12_IL.13,18_IM1237.htm

 

[thunderr]

Bangladesh needs democratic government to tackle Indian propaganda

 

[nahtanbob]

This was in another thread ...

https://defence.pk/pdf/threads/remi...an-turkey-iran-and-bangladesh-in-2017.616214/

$5,710,000,000 in remittances was sent from India to other countries in 2017.
Top 5 countries remittances were sent to:
1. Bangladesh: $4,033,000,000
2. Nepal: $1,021,000,000
3. Sri Lanka: $520,000,000
4. China: $41,000,000
5. France: $15,000,000


$2,113,000,000 in remittances was sent from Bangladesh to other countries in 2017.
Top 5 countries remittances were sent to:
1. China: $992,000,000
2. Indonesia: $276,000,000
3. Malaysia: $202,000,000
4. India: $126,000,000
5. Vietnam: $96,000,000

 

[Black_cats]

This was in another thread ...

https://defence.pk/pdf/threads/remi...an-turkey-iran-and-bangladesh-in-2017.616214/

$5,710,000,000 in remittances was sent from India to other countries in 2017.
Top 5 countries remittances were sent to:
1. Bangladesh: $4,033,000,000
2. Nepal: $1,021,000,000
3. Sri Lanka: $520,000,000
4. China: $41,000,000
5. France: $15,000,000


$2,113,000,000 in remittances was sent from Bangladesh to other countries in 2017.
Top 5 countries remittances were sent to:
1. China: $992,000,000
2. Indonesia: $276,000,000
3. Malaysia: $202,000,000
4. India: $126,000,000
5. Vietnam: $96,000,000

This is official channel only. In Bangladesh except for tuition or Heath care you can not send money outside.

What is source of India’s remittance to Bangladesh? I read somewhere business expenditures are included as remittance in India. From India as well individual remittance not allowed.

 

[Nilgiri]

This is official channel only.

Wrong.

Again inability in you reading the original source comes up yet again.

 

[Black_cats]

Wrong.

Again inability in you reading the original source comes up yet again.

Bangladesh does not have info on unofficial source. Bangladesh does not allow sending money abroad except for tuition and treatment only.

Billions of dollar worth of goods are sent to Bangladesh from India through hundi.

 

[bluesky]

Below is what Wiki says. It says Bangladesh receives $4,033 million from India. But, some other source says it is India that receives more than $4,000 million from Bangladesh. So, I am not really sure what is the truth. Thing is, people go abroad and work hard for survival for themselves and their families. A person does not steal money from the host country. Rather, he works hard and Allah bestows him with his Rizq. We do not have to make a fuss over this issue.

Remittances to India[edit]
Rank Source country Amount (US$)
1 UAE 13.823 billion
2 United States 11.715 billion
3 Saudi Arabia 11.239 billion
4 Kuwait 4.587 billion
5 Qatar 4.143 billion
6 United Kingdom 3.941 billion
7 Nepal 3.016 billion
8 Canada 2.877 billion
9 Australia 1.944 billion
10 Bahrain 1.336 billion
11 Sri Lanka 1.265 billion
12 Singapore 886 million
13 Italy 612 million
14 New Zealand 341 million
15 Germany 332 million
Total of top 15 62.057 billion
Other countries 6.911 billion
Grand total 68.968 billion


Remittances from India[edit]
Rank Recipient country Amount (US$)
1 Bangladesh 4.033 billion
2 Nepal 1.021 billion
3 Sri Lanka 520 million
4 China 41 million
5 France 15 million
6 Malaysia 11 million
7 Nigeria 10 million
8 Germany 9 million
9 Myanmar 8 million
10 Kenya 7 million
11 United States 6 million
12 Saudi Arabia 4 million
United Kingdom
14 Australia 3 million
Bhutan
Japan
Total of top 16 5.698 billion
Other countries 12 million
Grand total 5.710 billion

 

[Black_cats]

Below is what Wiki says. It says Bangladesh receives $4,033 million from India. But, some other source says it is India that receives more than $4,000 million from Bangladesh. So, I am not really sure what is the truth. Thing is, people go abroad and work hard for survival for themselves and their families. A person does not steal money from the host country. Rather, he works hard and Allah bestows him with his Rizq. We do not have to make a fuss over this issue.

Remittances to India[edit]
Rank Source country Amount (US$)
1 UAE 13.823 billion
2 United States 11.715 billion
3 Saudi Arabia 11.239 billion
4 Kuwait 4.587 billion
5 Qatar 4.143 billion
6 United Kingdom 3.941 billion
7 Nepal 3.016 billion
8 Canada 2.877 billion
9 Australia 1.944 billion
10 Bahrain 1.336 billion
11 Sri Lanka 1.265 billion
12 Singapore 886 million
13 Italy 612 million
14 New Zealand 341 million
15 Germany 332 million
Total of top 15 62.057 billion
Other countries 6.911 billion
Grand total 68.968 billion


Remittances from India[edit]
Rank Recipient country Amount (US$)
1 Bangladesh 4.033 billion
2 Nepal 1.021 billion
3 Sri Lanka 520 million
4 China 41 million
5 France 15 million
6 Malaysia 11 million
7 Nigeria 10 million
8 Germany 9 million
9 Myanmar 8 million
10 Kenya 7 million
11 United States 6 million
12 Saudi Arabia 4 million
United Kingdom
14 Australia 3 million
Bhutan
Japan
Total of top 16 5.698 billion
Other countries 12 million
Grand total 5.710 billion

India count the money sent for managing business operations in Bangladesh under remittance category. There are no direct way for individual to send money to Bangladesh from India, same applies to Bangladesh as well.

India is not even in the list of 15 billion usd remittance.

https://www.bb.org.bd/econdata/wagermidtl.php

 

[nahtanbob]

Bangladesh does not have info on unofficial source. Bangladesh does not allow sending money abroad except for tuition and treatment only.

Billions of dollar worth of goods are sent to Bangladesh from India through hundi.

if you do not have information on unofficial sources you cannot estimate it

 

[Black_cats]

if you do not have information on unofficial sources you cannot estimate it

But government agencies guess. Revenue agency put the figure 4-5 billion usd without counting smuggling.

If you go to any store, shopping mall you will see it is filled with Indian product. Most of it came using luggage or via hundi.

 

[nahtanbob]

This is official channel only. In Bangladesh except for tuition or Heath care you can not send money outside.

What is source of India’s remittance to Bangladesh? I read somewhere business expenditures are included as remittance in India. From India as well individual remittance not allowed.

if these are official numbers

Why would there be a $1 billion remmitance to China ?
1. China: $992,000,000
2. Indonesia: $276,000,000
5. Vietnam: $96,000,000

I can understand these - there are Bangladeshis
3. Malaysia: $202,000,000
4. India: $126,000,000

But government agencies guess. Revenue agency put the figure 4-5 billion usd without counting smuggling.

If you go to any store, shopping mall you will see it is filled with Indian product. Most of it came using luggage or via hundi.

that is called pulling a number out of the hat

what you describe is importing goods not remmitance. you make it sound Indians work in Bangladesh and are sending $4 billion back.