India continues to be an attractive destination for investors, and form a huge part of the world’s fastest-growing economies. Indian residents and Non-Resident Indians(NRIs) are actively looking to earn money by investing in India. Also, if the investments are made by NRIs then it is treated as ‘foreign investments’ as per the Indian foreign exchange regulations, making India one of the top recipients of foreign remittances from its diaspora.
Here are some reason why India is a good place for investment:-
Indian economy is one of the world's fastest-growing economies
According to the Department of Promotion of Industry and Internal Trade, India has crossed the $70 Bn mark in the Fiscal Year 2019-20 and recorded a total FDI inflow of $73.45 Bn, ranking amongst the top countries for investments by leading investors.
Indian infrastructure story
More than $1.5 trillion investments have been planned for Indian infrastructure for the next two decades across the key government initiatives in various sectors, including:
● Highways (Bharatmala & NHDP)
● Port development and Port-led industrialization
● Industrial Corridors
● Smart Cities
Rising economic influence
In the next five years, India is anticipated to have greater economic influence across the Asia-Pacific Region, as it is in close connectivity to Central Asia and Europe via the International North-South Transport Corridor (INSTC).
Rising global competitiveness
According to the World Bank, India ranks at 63rd position (2019) inWorld Bank’s Ease of Doing Business Ranking 2020 and at 68th on the Global Competitiveness Index 2018-19 according to the World Economic Forum.
Major steps were taken by the Indian government in the past decade to make this country globally competitive, such as registering 1.2 billion Indians under Aadhar Scheme, opening 312 mn bank accounts with savings amounting to $11.6 bn under Pradhan Mantri Jan Dhan Yojana, and introducing Goods and Services Tax (GST).
Global Innovation Index 2020
India ranks number 1 in the Central & Southern Asia Region and 48th in the Global Innovation Index 2020 rankings, according to the World Intellectual Property Organization which makes it unique and attractive for foreign investments.
For the investors still doubting investing in India, it can offer long-term investment benefits for the NRIs as there are several advantages attached. India is also attracting Investments from High Net-worth Individuals with the help of the portfolio investment scheme, Which has increased the portfolio investment services in India, which is mostly provided by banks such as SBM Bank, HDFC Bank, Axis Bank, and many more.
India being the second-fastest growing economy in the world, comes with demographic advantages with more young population residing, which thus can lead the NRI Investors on the path of wealth creation as well.
The strong fundamentals, and present valuations of the Indian equity markets, as well as the high-interest rate on securities, make it an ideal opportunity to invest in India; having said that, NRI Investors must adopt enough prudence investing across various asset classes. Additionally, the investment should be a function of their investment objective and risk profile (amongst other factors), and it is recommended that NRIs be well-versed with the tax implications and then make a prudent choice.
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