No matter how far you go, home is always where the heart is. That’s often the case with many NRIs who have left a piece of themselves behind in India. India is one of the world’s largest recipients of international remittances. This clearly indicates that most NRIs are still deeply connected to their roots.
Investing in India is a great way to create wealth while helping the country’s economy. Some NRIs plan to return to India while others simply want to participate in the Indian Economy. Moreover, it’s an opportune time to invest in India – we have a strong and stable majority government, a lot of foreign investment is flowing into the country and the world has its eyes set on the Indian market due to its immense scope for growth.
Why Invest In India?
Benefits Of Investing In India
How NRIs Approach Investments In India
Foreign investors are also a key source of capital for the Indian economy. As of now, NRIs invest in the Indian stock markets through something called a portfolio investment scheme (PIS). These schemes are governed by the Reserve Bank of India (RBI) and come with several restrictions. NRIs can, of course, use an app like Cube Wealth to make investing in India a breeze but, some of our country’s policies do leave scope for improvement.
For example, NRI investments are subjected to tax deduction at source (TDS). While this does not discourage many investors it is still a deterrent. It would be great if NRIs are given the opportunity to invest in more Indian funds.
As of now, about eight to ten fund houses accept NRI investments in mutual funds for those residing in the US & Canada. The rules for other countries are more relaxed.
As technology makes managing investments easier it is likely that more and more NRIs will invest in India. Today one can simply automate investments and get tailored wealth advice from experts on the Cube Wealth app, in the future things will be even simpler. It is a great time to participate in the growth of the Indian Economy and grab a healthy piece of the pie while at it.