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 banking service chronicle Share of remittances from Gulf Cooperation Council (GCC) region in Indias inward remittances declined.  Reason for shift o Compositional shift in Indias migration towards advanced economies i.e. in the U.S. U.K. Canada and South Africa dominated by highskilled whitecollar workers. o Migration from India to the GCC countries slowed in the last five years due to economic slowdown. banking service chronicle magazine 30The sluggish oil prices stricter labor laws higher work permit renewal fees and taxes in Gulf countries.Gulf countries that are trying to diversify away from oil revenue are favoring their citizens in employment instead of migrants. For more details on Indian Diaspora kindly refer to Article 5.6.1 in IR Mains 365 2022. IndiaAfrica banking service chronicle magazine subscription