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US & Canada News News: Experts believe that more Indians establishing themselves in wealth hubs abroad can have positive implications for India. The primary advantage is an ....
Experts believe that Indians who move abroad and establish themselves in wealth hubs can contribute to India s economy in various ways. These individuals may repatriate money or invest in Indian equities, financial markets, or startups, which can strengthen the ecosystem. The number of Indian millionaires expected to move overseas in 2023 is estimated to be 6,500. Increased remittances from these individuals can help stabilize India s current account deficit and provide a guaranteed source of income. ....
The recently introduced Indian ODI (outward direct investment) regulations - which permit direct investments in international entities, subject to certain conditions - have acted as a catalyst for many wealthy Indian families to explore international investment opportunities, says Sunita Singh-Dalal, partner, private wealth & family offices at Hourani & Partners in the UAE. ....