Their annual contribution by way of remittances is about three per cent of GDP now. These are in addition to export of services, especially software which are of the same order. Indians are among the most significant foreign students to attend the universities for higher education in USA, UK, Australia, Canada, Singapore, China, etc.
Nevertheless, the annual real GDP growth rate for 2020 was minus 4.8 percent, demonstrating that economic recovery from the plunge for the AprilJune quarter was still weak.