Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

NRIs investment inflows into India are expected to increase in the near future  Join our daily free Newsletter

MENAFN Press - 07/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN Editorial) UAE based Non-Resident Indians (NRIs) are expected to increase their investments inflows into India after the country's upcoming general elections, according to a Standard Life commissioned survey titled, 'The NRIs' Investment Inflows into India “ A Pulse Study'. Standard Life is a leading long term savings and investments company



This survey is the second study by Standard Life looking at the saving and investment behaviour of NRIs in the UAE. The research revealed that two thirds of NRI respondents were optimistic that a new Indian government will create a conducive environment for investor-friendly retirement planning in India, Further, a majority of the respondents believed that any new Indian leadership would bring about positive regulatory developments which would lead to more foreign investments, financial services reforms, better infrastructure and ultimately greater economic growth.



Chris Divito, CEO, Standard Life International Limited (DIFC Branch) commented:



"It is interesting to note that the NRI community looks to increase their investments in India after this period of perceived pre-elecion uncertainty. Such situations are not uncommon in other markets where capital flows can sometimes reduce as investors wait for greater clarity on how any policy changes will affect the plans individuals make for how they will save and invest over the longer term and any changes to tax or remittance. Overall, it is compelling to know that NRIs are positive towards investing in India regardless of any changes




With significant economic clout, the UAE's sizeable Indian community can be seen as a natural source for inward investments into India as most make investments and plan for retirement in their home country. Like most expatriates, NRIs are seen to be committed towards building wealth and securing their financial future."



The survey also reveals that NRI investments are spread across a wide range of asset classes, including formal savings schemes (45%), real estate (43%), mutual funds (30%), long-term investments plans (30%), formally constituted retirement plans (26%) and government-backed infrastructure funds (15%). Some of the respondents also indicated investment allocations towards gold, education and, personal business.


About Standard Life
Established in 1825, Standard Life is a leading provider of long term savings and investments to around ten million customers worldwide. Headquartered in Edinburgh, Standard Life has around 8,500 employees internationally. The Standard Life group includes savings and investments businesses, which operate across the UK, Canada, Europe, Asia and Middle East; workplace pensions and benefits businesses in the UK and Canada; Standard Life Investments, a global investment manager, which manages 179bn globally; and its Chinese and Indian Joint Venture businesses. At the end of March 2013 the Group had total assets under administration of over 233bn.Standard Life plc is listed on the London Stock Exchange and has approximately 1.5 million individual shareholders in over 50 countries around the world. It is also listed in the Dow Jones Sustainability World Index, ranking it among the top 10% of sustainable companies in the world.Standard Life International Limited is authorised and regulated by the Central Bank of Ireland. Standard Life International Limited (DIFC) is a branch of Standard Life International Limited and is authorised by the Dubai Financial Services Authority.About the NRIs' Investment Inflows into India “ A Pulse Study'This survey is the second major piece of Standard Life research (after the NRI Wealth Study in March-April 2013), studying the saving and investment behaviour of NRIs in the region, and particularly the UAE. It was conducted by independent research firm, Insight Discovery on behalf Standard Life. The survey was based on a sample of nearly 300 Non Resident Indians (NRIs) who were UAE residents, with a disposable income of AED 10,000 and above. 34% of the respondents were between 25 and 35 years old, while 54% of them were between 36 and 45 years, and 12% were between 45 and 60 years old. Married respondents comprised 96%, while single were only 4%. There were 83% male and 17% female respondents. 59% of the respondents have been UAE residents for over 10 years, while 34% have been in UAE between 5 and 10 years, and 6% were in the country between 3 to 5 years.

 


MENAFN Press




  MENA News Headlines
 Mar 29 2017 - “Talal Abu-Ghazaleh Professional Training” and AlMotahida Education Group Sign Partnership AgreementMENAFN Press
(MENAFN Editorial)Talal Abu-Ghazaleh Professional Training Group (TAGI-Train) and AlMotahida Education Group (AEG) signed a partnership agreement in the field of digital education in the presence of ...

 Mar 29 2017 - Qatar Airways launches direct flights to TbilisiBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : Qatar Airways now operates four direct flights toTbilisifrom Doha's Hamad International Airport, in addition to the existing seven weekly flights that operate ...

 Mar 29 2017 - Emirates commences daily flights to Fort LauderdaleBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dubai : Emirates launched its 11th destination in the United States with the start of a daily nonstop passenger service between and Fort Lauderdale-Hollywood ...

 Mar 29 2017 - US-Bangla increases its frequencies to MuscatBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : US-Bangla Airlines has increased its flights to Muscat from its present four flights to six a week , with effect from December 18, in response to the growing ...

 Mar 29 2017 - Etihad Airways starts restructuring, job cuts as growth slowsBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : Etihad Airways PJSC will eliminate jobs across several units, highlighting the pressure on carriers in the Persian Gulf to adapt to slowing growth after years of ...

 Mar 29 2017 - US-Bangla flies to fifth int'l destination SingaporeBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : US-Bangla Airlines, the country's leading premium airline, started flights to its fifth international destination Singapore on March 9. The flights leave ...

 Mar 29 2017 - Oman Air takes delivery of first stretched B787-9Bangladesh Monitor
(MENAFN - Bangladesh Monitor) Muscat : Oman Air has taken delivery of its first Boeing B787-9. The stretched version of the widebody aircraft joins four B787-8s in the fleet. The Omani flag carrier ...

 Mar 29 2017 - Dubai Airport outlaws round bags from baggage operationsBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dubai : Airports will soon introduce a new baggage rule to help improve service, reduce the risk of mishandlings and enhance the performance of its check-in and baggage ...

 Mar 29 2017 - MENA to receive 195m international tourists by 2030Bangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : United Nations World Tourism Organi-sation (UNWTO) and ATM Ministerial Forum at the Arabian Travel Market, taking place on April 24 in the Dubai World Trade ...

 Mar 29 2017 - Sylhet becomes flydubai's third destination in BangladeshBangladesh Monitor
(MENAFN - Bangladesh Monitor) Sylhet : A direct flight of Dubai-based flydubai, codeshared with Regent Air-ways, landed in MAG Osmani International Airport on March 15 that made the airport ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help