The GIFT City regulator is looking at tapping the Non-Resident Indian (NRI) segment, which presents a big opportunity for India's growth story, said K Rajaraman, chairman of the International Financial Services Centres Authority (IFSCA).
To give a perspective of how big the segment is, Rajaraman said that there is a growing retail segment of 4,000 NRIs who have almost $800 billion in savings accounts. Rajaraman was speaking at the CII Financing 3.0 Summit in Mumbai.
