Claims that the country's economy is improving

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-Reports that workers are sending more money home

-Survey conducted by SBI Ecorep

New delhi date. Wednesday 28 October 2020

The country's economy is recovering slowly but steadily, a survey report claims. The survey was conducted by State Bank of India and ECORAP. The survey claimed that workers were now sending more money home during September than before. Similarly, more money was seen being deposited in the Provident Fund.

The report claimed that more money was being sent home by immigrant workers now than ever before. In February of this year, the same amount of labor was sent home in September. Similarly, new registrations were also made in the Provident Fund account. The number of Jandhan accounts also increased, according to a report released on Tuesday. The number of such accounts had crossed 41 crore.

According to a PTI report, since April this year, Corona has seen a sharp decline in remittances from workers to their respective homes. The situation is expected to improve in June and July. The improvement was immediately noticeable in September. Earlier this year, workers were sending home as much money as they were sending home in February. It also meant that the workers were slowly returning to work.

However, in some areas, remittances declined due to heavy rains and floods.


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