That is not to say remittances have definitely abetted economic development in many cases. A case in point is how India saved herself from an economic catastrophe during 1998-2000. Apart from economic & liberalization, about 25 million non resident Indians remitted close to $22 billion in 2005. But after India conducted nuclear tests in 1998, the Clinton administration imposed sanctions on India. The Indian government that wanted to continue with its robust economic agenda ran short of about $20 billion due to sanctions imposed. Much of these funds were provided by remittances that flew in from abroad (Bokozada, 2005). Today, India gets about $100 billion through remittances, the largest in the world, in terms of percentage share of GDP. The fact that there has been an exodus of millions of Indians over the past decades to Europe, north America & middle east in search of better employment & education opportunities have made remittances such a game changer. For instance, a rapid surge in oil prices has brought great wealth & prosperity to Middle Eastern countries. This ensured a huge demand for labour & many Indians pitched in to fill this shortage. In short, remittances from India will scale new heights in future, much of which will be diverted to build infrastructure & economic development. Owing to this, the Indian government has also started meting out special treatment to overseas Indians. However, not every country ahs millions among its Diasporas scattered across the world that will remit billions. What is undeniable is that the Indians, Chinese, Africans, Latin Americans are definitely remitting a lot & this has contributed to economic development in their respective countries.