Apart from software, the reflection of the return of human capital formation is also visible in the robust growth in remittances to India by the migrant workers working in various parts of the world. India has emerged as the top recipient country in respect of private remittances in the world and accounts for almost 3 to 4 per cent of global remittances.
The private transfers to India increased to $ 14.8 billion in 2002-03 from $ 2.1 billion in 1990-91.