Monday, September 8, 2014

Funds from shores afar

........There are, of course, many good reasons for NRIs to park their money in India in the three schemes that are now in operation. Clearly, they earn a little more from these deposits than they can hope to get in developed economies, where such schemes will earn them much less. Such deposits are also a reflection of their confidence in the Indian economy, its growth potential and financial system, where their money is not only safe but can also get good returns. Finally, NRIs do have a social and emotional connect with the country they belong to and investing in these deposits gives them that extra satisfaction..........

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