remittance

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

← All Words

📰 Related Articles

23 Sept Current Affairs Today, September 23, 2026, Complete... 23 Sept SEBI Settles Hindenburg-Linked Disclosure Cases Against... 23 Sept NHAI Sets Uniform Standards for High-Speed...

✍️ Related Editorials

23 Sept Treaties as Infrastructure: Using India's BITs and FTAs... 23 Sept Water Wealth: Why Punjab's Groundwater Crisis Is Also a... 23 Sept Many Informal Economies, Not One: What the First...

A new UPSC word every morning Word of the Day at 7am, plus daily current affairs and free PDFs

Join Channel