This study examines the empirical link between remittance inflows and India's economic growth, particularly emphasizing the association's asymmetries as the prior studies were neglected. Therefore, it formulated a growth function that assesses the non-linear influence of the remittance inflows on economic growth by endogenizing the gross fixed capital formation, official exchange rate, and export growth. Relying on the annual time series data for India, the work uses the Non-Linear Auto-Regressive Distribution Lag (NARDL) model to expose the non-linear influence of the remittance inflows on economic growth by controlling the gross fixed capital formation, official exchange rate, and export growth for the period ranges from 1975 to 2021. The outcomes show the presence of the long-run relationship among the variables vector. Further, the results indicate an asymmetric impact of remittance inflows on economic growth both in the long run and short run. Moreover, the findings reveal a rise in the remittance inflows leads to an increase in economic growth, whereas a fall in the remittance inflows ends up in a reduction of economic growth. Additionally, the outcomes show a negative and significant impact of gross fixed capital formation and official exchange rate on economic growth in the long run. It also observed an insignificant negative influence of export growth on the specified growth model.

本研究考察了汇款流入与印度经济增长之间的实证联系，特别强调了这种关联的不对称性，因为先前的研究被忽视了。因此，它制定了增长函数，通过内生固定资本形成总额、官方汇率和出口增长来评估汇款流入对经济增长的非线性影响。本文以印度年度时间序列数据为基础，利用非线性自回归分布滞后（NARDL）模型，通过控制固定资本形成总额、官方外汇收入，揭示了汇款流入对经济增长的非线性影响。率，以及 1975 年至 2021 年期间的出口增长率。结果表明变量向量之间存在长期关系。此外，结果表明，汇款流入对经济增长的长期和短期影响不对称。此外，研究结果表明，汇款流入的增加会导致经济增长的增加，而汇款流入的减少最终会导致经济增长的放缓。此外，结果显示，从长远来看，固定资本形成总额和官方汇率对经济增长产生显着的负面影响。它还观察到出口增长对特定增长模型的负面影响并不显着。