Remittances from urban pockets nearing pre-Covid levels

Mumbai: In signs that a major part of the labour force has returned to urban pockets, remittances in major corridors like Maharashtra, Tamil Nadu, Delhi – NCR, and Gujarat returned to 80-85% levels of the normal at the end of November. Pockets such as Mumbai, languishing at 40-50%, also returned to 70% levels over the last two months.

Places like Punjab and Kerala recorded more than 30% rise in remittances over last year, data collated by several payment companies showed. The trend on