This week's @finshots has an interesting story from Kerala.
In 2014, 36% of Kerala’s net state domestic product (which is basically the growth of the state) was due to remittances. But by 2018, that had fallen to just 19%.

It tells you that there aren’t as many opportunities opening up in the blue-collar industry.
In fact, according to data from the RBI, while 7.6 lakh people applied for immigration clearance in 2015, it dropped to just 3.5 lakh applicants in 2019.

In 2016–17, Kerala received 19% of the remittances that came into the country. But by 2021, it had fallen to 10%.
And Kerala is a state that depends on remittances. The RBI noted that Kerala was “highly stressed.” It’s among the top 10 states with the highest debt burden.

As M. Suresh Babu, a professor at IIT-Madras, said:
“Kerala has reached the third phase of migration, where skilled migrants are required. Unfortunately, the current Kerala higher education sector is not capable of delivering job-market-oriented talented migrants."