In 2017, Russia had the largest remittance flows to Armenia, around 60.5% of overall remittances. Overseas Pakistanis are the second-largest source of foreign exchange remittances to Pakistan after exports. The Bangladeshi economy is heavily dependent on the garment industry and remittances from migrant workers. African mobile payments firm Flutterwave, and French remittances company Tempo Money Transfer. Target 10.3 is to reduce the transaction costs for migrant remittances to below 3 percent. The regional economy is based mainly on agriculture, emigrant remittances and tourism. Jordan operates a rentier economy based largely on foreign aid, investment, and remittances. The region's retail sector remains strong, bolstered by remittances abroad, BPOs, and its tourism sector. GDP is heavily dependent on remittances (9.1%) of foreign workers. Their resultant foreign remittances have also helped the socioeconomic progress of the community. These high inward remittances have increased the demand of local labour. The remittances they send back keeps the Philippine economy afloat. Some economists argue that blocking remittances could harm the U.S. economy. From a macroeconomic perspective, there is no conclusive relationship between remittances and GDP growth. Research work on remittances to India is listed in the India Migration Bibliography.