From Remittances to Investments: Why Every State Should Build a Stronger Partnership with Overseas Indians
New Delhi, Aug. 7 -- India's overseas Indian community is one of the country's greatest strategic assets. For decades, Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) have strengthened the nation through remittances, making India the world's largest recipient of inward remittances. In FY 2024-25 alone, remittances reached a record US$135.46 billion, supporting millions of families, strengthening foreign exchange reserves and providing economic stability during periods of global uncertainty. Yet remittances represent only one dimension of what overseas Indians can contribute. India's next phase of economic growth should focus on transforming the diaspora from remittance senders into long-term investors, entrepreneurs, inn...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.