Geopolitical Tensions in the Gulf: Risks for South Asian Remittances
Escalating conflict in the Middle East could jeopardize the vital economic remittances sent home by millions of South Asian workers in the Gulf region, experts caution.
The tensions between Iran and the United States have far-reaching implications, particularly for the millions of South Asian workers who have made the Middle East their home and rely on the steady flow of remittances to support their families back home. Economists warn that a prolonged conflict in the region could significantly disrupt these vital economic lifelines, with potentially devastating consequences for the economies of South Asia.
Remittances from the Gulf Cooperation Council (GCC) countries, which include Saudi Arabia, the United Arab Emirates, and Qatar, among others, have long been a crucial component of the economic landscape in South Asia. These workers often send a substantial portion of their earnings back to their home countries, providing a crucial source of income for families and boosting the overall economic well-being of the region.
{{IMAGE_PLACEHOLDER}}Source: Deutsche Welle
