Seeking a special package for Indian expatriates returning from the Gulf due to Dubai economic crisis, a CPI-M member on Thursday said Kerala economy, which is highly dependent on remittances, would be hit.
Raising the issue through a special mention in the Rajya Sabha, P. Rajeeve said remittances from expatriates contribute to one—fourth of the gross domestic product of Kerala.
He said the initial response from the government has not been positive.
Economic crisis with global implications broke out in the UAE last month as Dubai World, a leading real estate government-owned firm sought restructuring of its debts running close to $60 billion.
