NRI Services
Why should NRIs Invest in India?
The International Organization for Migration (IOM) recently released its World Migration Report 2024, which revealed that India’s remittances surged to $111 billion last year, surpassing all other nations. This clearly reveals a strong bond of NRIs with their motherland. India’s economy has been evolving at an unprecedented pace, poised to emerge as the fourth-largest economy by 2026, surpassing Japan. The phenomenal economic development is rooted in the resilient growth achieved by India’s foreign investment sector. The country recorded $112 billion in Inward Foreign Remittances in FY23, making it an all-time high in the past five years, in the middle of economic recovery after the catastrophic pandemic impact.
There is an array of opportunities for NRIs to invest in India. To begin with, it is a smart way of safeguarding finances from being reliant on the growth of a single economy. Today, NRI’s preferred investment goal is shifting towards tapping into the Indian growth market and generating wealth. NRIs are becoming more and more keen to invest in India, backed by the convergence of factors such as favorable government policies, deep emotional connection and most importantly the tenacity demonstrated by the Indian economy in the face of adversity.
