Why Is Investing In India A Great Option For NRIs?

The Indian economy has consistently ranked in the top 5 the fastest growing economies in the world over the past 3 decades. Even with the pandemic, the Indian economy is projected to grow by 8.8% in 2021 according to the IMF. Some Indian economy facts:

• When it comes to purchasing power parity, India is the 3rd largest economy to make the list
  
• Seventh largest in terms of nominal GDP - Better than Canada & nearly as good as the US
  
• Only trillion-dollar economy to be in the top five
  

But does this mean there’s a clear benefit to investing in India if you’re an NRI? And what are your options? Well, this blog will answer all these questions and more! Let’s start off by understanding why you should invest in India.

Why Should NRIs Invest In India?

NRIs invest in India to create a nest egg, retirement plan, familial responsibilities, and more. Here's why you should invest in India:

• The Value Of Currency
  

Even though the Indian economy has been booming over the past few decades, the power of currencies such as the USD, Pound sterling, and the Euro has steadily increased when compared to the rupee. 

Regardless of the interest rates, the value of your USD, Pound sterling, or Euro investments is likely to grow. This would mean that you will be able to earn better returns.

A point to note, however, is that the USD remains the undefeated currency. Its value rarely fluctuates and the INR is one of the few currencies that has maintained a steady exchange rate with the USD.

• Diversification
  

Apart from the obvious geographical diversification, you can diversify your portfolio with investments such as equity funds, debt funds, liquid funds, stocks, and more across sectors & industries. 

Speaking to a wealth coach can help you go beyond traditional investments & get the best of investment opportunities such as digital gold & Peer-to-Peer lending.

This festive season, give your loved ones a gift that grows over time.

• Alternative Assets
  

The beauty of economic progress & growth is that newer and better forms of investment options can develop & prosper. One such investment option is P2P lending.

P2P investments have historically performed better than bank FDs with benefits such as:

1. Thoroughly vetted borrowers
2. Lucrative interest rates
3. Low minimum investment amount
   

The market projections indicate that P2P investments could be a $5 billion industry by 2023. 

Explore P2P options on Cube today

• Better Interest Rates
  

Indian banks provide better interest rates than the US, Australia, Japan, China, Saudi Arabia, and many other countries! Sounds surprising, right? But most NRIs aren't aware of this fact and end up letting their money stagnate in the US or Europe. 

• Retirement
  

Setting up a retirement plan either by investing in mutual funds & stocks or by buying real estate is easier & cheaper in India as compared to countries like the US. You can also consult a Cube Wealth coach or download a Cube Wealth application. 

If you're an NRI planning to return to India after your retirement, this blog can help you figure out how to set up mutual funds for retirement.

Historical Market Returns

The historical trends suggest that long term investments in the Indian market can give better returns.

6 Investment Options For NRIs

1. Mutual funds
   
2. Indian Stocks
3. P2P lending
4. Govt. Bonds & Securities
5. NPS
6. Real estate property
   

How Cube Wealth Simplifies Investments For NRIs

If you're putting off your Indian investments for a later date because the process is complicated, think again. The Cube Wealth app makes it very simple & easy for NRIs to invest in India.

The Cube Wealth app gives NRIs access to:

• India’s best money managers 
  

• Mutual funds, Equity Advisory, PMS & Alternative assets
  

• Flexibility to invest via the NRE/NRO route or FPI route
  

• Quick seamless KYC & signup
  

• Super low minimums & instant liquidity
  

Download the 4.5 star rated Cube Wealth app today

Remember These Things Before Investing In India

• It is illegal to use your Indian savings account after you move out of the country 
• NRIs are required to convert savings bank accounts into NRE or NRO accounts
• NRIs are allowed to buy properties in India. The catch - it should be a joint purchase with someone living in India

Watch this video to know why you should invest using Cube