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Vocabulary Builder — Essay & Answer Writing

remittance

noun / ri-MIT-uhns / Easy
Meaning

A sum of money sent, especially by a worker abroad, to family or others in the home country.

Origin / Etymology

From Latin ''remittere'' (to send back), from ''re-'' (back) and ''mittere'' (to send).

Synonyms
transfer payment inward flow repatriated earnings
Antonyms
outflow debit withdrawal expenditure
Example Sentence
"India remained the world''s largest recipient of remittances, which cushioned the current account against a widening trade deficit."
🎯 UPSC Usage

Useful in GS Paper 2 on the Indian diaspora and GS Paper 3 on the balance of payments and forex reserves. Discuss remittances as a stable, non-debt source of external finance, their role in household consumption, and vulnerability to Gulf labour-market shifts.

Relevant Subjects
Economy
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