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 Press) 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-electin 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
 Sep 27 2016 - Daimler Trucks presents Fuso eCanter and Mercedes-Benz Urban eTruck at 2016 IAAMENAFN Press
(MENAFN Press) World premiere: the all-electric and networked Mercedes-Benz Urban eTruck • Electric truck with the performance of a diesel engine • Innovative design with flowing lines The ...

 Sep 27 2016 - GCC participants enrich the character of Juha in Narrator’s Café at 16th Sharjah International Narrators ForumMENAFN Press
(MENAFN Press) A wide range of participants from Oman, Qatar, Saudi Arabia, Kuwait and the UAE have enriched the contemporary personality of Juha, a folk storyteller persona, during the evening ...

 Sep 27 2016 - California Mesothelioma Victims Center Now Offers a PowerEnergy Worker with Mesothelioma in California Better Options When It Comes to Attorneys with The Goal Better CompensationMENAFN Press
(MENAFN Press) California Mesothelioma Victims Center Now Offers a Power/Energy Worker with Mesothelioma in California Better Options When It Comes to Attorneys with The Goal Better Compensation ...

 Sep 27 2016 - SE UMCC doubled the value of its assetsMENAFN Press
(MENAFN Press) SE UMCC doubled the value of its assets The value of assets of the two companies more than doubled since 2014, reaching UAH 1.7 billion KIEV, UKRAINE, September 20, 2016 ...

 Sep 27 2016 - AnyFlip Flipbook Software Ranked Higher in Digital PublishingMENAFN Press
(MENAFN Press) AnyFlip Flipbook Software Ranked Higher in Digital Publishing AnyFlip won the support of marketers, bloggers and businesses that create attractive flipbooks for online ...

 Sep 27 2016 - foodpanda Malaysia launches World Food Tour campaignMENAFN Press
(MENAFN Press) foodpanda Malaysia launches World Food Tour campaign Celebration to the many cuisines available on the food delivery platform This campaign not only gives our customers a chance ...

 Sep 27 2016 - Satellite Broadband Communication in Public Safety Market Report 2016 - 2021MENAFN Press
(MENAFN Press) Satellite Broadband Communication in Public Safety Market Report 2016 - 2021 PUNE, INDIA, September 27, 2016 /EINPresswire.com/ -- Sales, means the sales volume of Satellite ...

 Sep 27 2016 - Solder: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Solder: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Solder Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September 27, 2016 /EINPresswire.com/ ...

 Sep 27 2016 - BriskBard 1.2 Released With New Security FeaturesMENAFN Press
(MENAFN Press) BriskBard 1.2 Released With New Security Features BriskBard's web browser BriskBard's email client BriskBard's logo The latest version of BriskBard has been released with ...

 Sep 27 2016 - Watch Your Mind Maps in Style with Mind Vector For Apple WatchMENAFN Press
(MENAFN Press) Watch Your Mind Maps in Style with Mind Vector For Apple Watch Mind Vector, the No. 1 choice of 1 Million + users worldwide is now available on the Apple Watch. Use the app on ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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