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Firms are finding it difficult to attract and retain clients
With a few exceptions, NRI investment advisers in the UAE expect to cater to fewer clients in the wake of uncertainty around the economic recovery back home, as the second wave of covid-19 wreaks havoc.
India has seen a terrifying increase in coronavirus cases in the past few weeks. New Delhi and many states have been placed in lockdown.
The US Centres for Disease Control and Prevention has advised against all travel to India, and the UK recently added the country to its ‘red list’.
India’s tally of more than 15.6 million covid cases is the second-highest in the world, behind the US and ahead of Brazil.