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3 NRI-friendly investment options in India
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India has many NRI-friendly investment options. Here are the top 3.
As the Indian economy continues to grow, it’s attracting more Foreign Direct Investment. NRIs are increasingly considering investing in assets back home. Fortunately, India has many NRI-friendly investment options. Bank fixed deposits top this list. Today, most leading banks in the country offer NRI-centric FDs that can be opened using FCNR, NRO, or NRE accounts. Indian real estate is another investment that NRIs find both easy and attractive. In FY21 alone, NRI investment in the Indian real estate market came up to $13.3 billion. Reports suggest that this number may rise to $14.9 billion in FY22. With many commercial and residential investment opportunities and easy home loan availability, it’s no wonder that NRIs find real estate in India a prime market to invest in. Lastly, direct equity investments in the Indian market are also extremely NRI-friendly. All you need is a demat account, a trading account and an NRE or NRO bank account. Simple, isn’t it? Now, if you’re an NRI looking to invest in India, you also need to be aware of the tax implications. Head to the next chapter for the details on tax laws for NRIs.