New Delhi, Sept. 2 -- Many Non-Resident Indians (NRIs) desire to spend their retirement years in India. People sometimes forget that the economy here is significantly different from the one in the nations where they may have lived and worked for decades.

Moving a retirement plan from another country to India typically does not function. NRIs need to build a strategy that works for India because of factors like high inflation, changing tax rules, currency concerns, and unique investment opportunities.

India's inflation rate is consistently higher than that of many wealthy countries, averaging 6-7% annually. At first, this figure may not appear terrifying, but over time, it may have a very detrimental effect. A foreign retirement fund tha...