Remittances sent by the Punjabi diaspora play an important role in the state’s:

The correct answer is: d) All of the above.

Remittances sent by the Punjabi diaspora play an important role in the state’s economy, social development, and cultural exchange.

• Economy: Remittances are a major source of foreign exchange for Punjab. In 2018, remittances from the Punjabi diaspora were estimated to be $12 billion, which is more than the state’s total exports. Remittances are used to support families, build businesses, and invest in education and healthcare.
• Social development: Remittances have a positive impact on social development in Punjab. They help to reduce poverty, improve access to education and healthcare, and promote gender equality. Remittances also help to build social cohesion and support community development projects.
• Cultural exchange: Remittances also promote cultural exchange between Punjab and the Punjabi diaspora. Punjabis living abroad often send money to support cultural events and festivals in Punjab. They also send gifts and souvenirs, which help to promote Punjabi culture and traditions.

In conclusion, remittances sent by the Punjabi diaspora play an important role in the state’s economy, social development, and cultural exchange.