With the development in most Gulf countries and superpower like the United States in transition, mid 80’s saw a large number of Indians immigrating out of their regular jobs and moving to the other countries. This in some cases did open the gaps for unemployed people to secure jobs abroad. In doing so they also began the process of planning for the future. …
With Mumbai as its trade capital, India is the world’s tenth largest economy which attracts investors from all over the globe but mostly NRIs (Non-Residential Indians). Along with finding investment opportunities in India, NRIs seek wealth advisory opportunities for them to utilize their existing wealth.
It enables a client to have an exposure in the equity market which diversifies their portfolio. It involves buying long equities which are expected to grow in future and selling short equities which are expected to decrease in value.
NRI and PIO, are they similar? NO! NRI is a Non-Resident Indian, a citizen of India who is now residing overseas. PIO is a Person of Indian Origin, usually not a citizen of India, but an individual of Indian descent.
If you’re an NRI, you will have a wealth of opportunities available to invest and grow your money. The one you should not overlook is the option offered by the Indian banking system. Many NRIs want to remit money to India, this is the practice of sending money earned abroad back to your home country. Remittances to India have increased from USD 2.1 billion in 1990-91 to 55.06 billion in 2009-2010 and to 70 billion in 2013-14, out of which 7.16 billion were remitted by NRIs.
It’s always a proud feeling when a fellow Indian does well, but this one is extra special even though it’s not a world cup trophy neither a Bollywood movie won an Oscar. An 18 year old US citizen of Indian origin, Neha Gupta, founder of Empower Orphans won ‘International Children’s Peace Award’. She went on to become the first American to won this award. It isn’t her first award but it is the most prestigious award which was won by Malala Yousufzai, last year, who went on to win the Noble Peace Price this year.