Get Acquainted with the Investment Opportunities in India
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.
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