Earlier this year, Prime Minister Narendra Modi extolled the role of NRIs (Non-Resident Indians) in India’s progress and emphasized that this is the ideal time to invest in the country’s growth. However, one look at the wealth distribution preferences of this cohort reveals that most NRIs are increasingly remitting money to India. In fact, in the last fiscal year India clocked the highest growth in inward foreign remittance with the transaction value surging 26 percent to $112.5 billion.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
Read More
