Creating Opportunities for Non-Resident Indians (NRIs)
India has positioned itself as one of the world's fastest-growing economies. With a flourishing economy and a substantial population, India is now attracting investments in various sectors from all around the globe. This presentation aims to elucidate the factors contributing to India's appeal as a favored destination for global investments.
India has consistently demonstrated strong economic growth, with a projected 6.5% growth in 2024 and 2025 which significantly exceeds most of the major economies in the world. This growth is supported by robust domestic demand and significant expansion in the manufacturing and services sectors.
India boasts the largest youth population globally, with over 66% of its total population under the age of 35. This demographic dividend presents significant opportunities, as the Indian labour force is expected to grow by over 8 million annually in the coming decade.
The digital economy in India has experienced remarkable growth, accounting for 10% of the total economy in 2023. Expected to reach nearly 20% of India's GDP by 2026, this surge reflects the widespread digitalization in government and the broader ecosystem. Opportunities abound in the thr class="ind-hr"iving startup ecosystem and the technology sector.
The Indian government is actively spearheading initiatives such as Ease of Doing Business and Reducing Compliance Burden. These efforts aim to create a conducive business environment for all sectors, including startups. Key focus areas include simplification of procedures, digitization, and decriminalization, with specific measures tailored for the startup ecosystem.
India's political stability is grounded in its robust democratic system, maintained since gaining independence in 1947. Operating within a multi-party political framework, India ensures diverse representation, fostering stability through coalition building. The constitutional framework and independent judiciary further contribute to a stable political environment..
India operates under a robust democratic system, with regular elections at the national, state, and local levels. The democratic structure promotes stability by ensuring a peaceful and orderly transition of power.
The country's commitment to economic reforms and continuity in policy frameworks, regardless of changes in government, provides a stable environment for businesses and investors. Policies favoring economic growth have been a consistent focus.
India has a history of political stability, with stable governments at the center contributing to a predictable policy environment. This stability is conducive to long-term economic planning and development.
India has a well-established legal system that upholds the rule of law. The judiciary plays a crucial role in safeguarding individual and business rights, contributing to a stable and predictable legal and regulatory environment.
The Indian stock markets exhibit noteworthy performance, offering substantial potential for capital appreciation when compared to global counterparts.
NRIs can benefit from DTAA agreements between India and many other countries, which help prevent the taxation of the same income in both India and the NRI's country of residence
As a Non-resident, NRI gets the benefit of the basic exemption limit of ₹ 2,50,000 from total income. However, if total income in India consists of only short-term capital gains or long-term capital gains, then the benefit of the basic exemption limit is not available with respect to such gains.
Interest earned on Non-Resident External (NRE) Accounts and Foreign Currency Non-Resident (FCNR). Any sum received (Including bonus) under the life insurance policy upon maturity of the policy, pre-mature withdrawal provided policy issued after April 1, 2012, the yearly premium does not exceed 10% of the sum assured.
NRIs can avail tax deductions on certain investments in India, similar to resident taxpayers. Investments in instruments like Equity-Linked Savings Schemes (ELSS) and the National Pension System (NPS) may offer tax benefits.
In conclusion, India presents a compelling investment destination for NRIs, offering a unique blend of economic growth, demographic potential, technological advancements, and a favorable policy environment. Diverse investment opportunities await those willing to explore and participate in India's dynamic and thriving economy.
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