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-election 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
 May 3 2015 - Pleasant weather forecast over next three daysJordan News Agency
(MENAFN - Jordan News Agency) The weather on Sunday is expected to be pleasant in the hilly areas and moderate in other parts of the Kingdom with northwesterly moderate winds.According to the Jordan ...

 May 3 2015 - Israeli forces destroy hundreds of acres in NablusJordan News Agency
(MENAFN - Jordan News Agency) Israeli forces destroyed hundreds of acres of cultivated lands on Sunday in the Khirbet Al-Tawil area east of Nablus in the West Bank.Member of the Popular Committee ...

 May 3 2015 - WHO pushes the health diplomacy agenda forward in a fourth high level seminar in CairoJordan News Agency
(MENAFN - Jordan News Agency) The World Health Organization Regional Office for the Eastern Mediterranean Saturday started the fourth seminar on health diplomacy in Cairo, Egypt.The seminar is ...

 May 3 2015 - Israeli occupation forces hold military maneuvers in West BankJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation forces on Sunday started large military training and maneuvers in the northern West Bank.Israeli Radio said that these maneuvers which will last until ...

 May 3 2015 - 650 trucks with goods, construction materials enter GazaJordan News Agency
(MENAFN - Jordan News Agency) Some 650 trucks loaded with commercial goods and construction materials entered the Gaza Strip on Sunday as the Israeli occupation authorities reopened the Karam Abu ...

 May 3 2015 - Muscat Municipality delegation concludes visitJordan News Agency
(MENAFN - Jordan News Agency) A delegation from Muscat Municipality concluded a visit to the Amman Greater Municipality (GAM), during which representatives discussed how they might cooperate and ...

 May 3 2015 - Officials call on Jordanian and Kazakh private sectors to increase cooperationJordan News Agency
(MENAFN - Jordan News Agency) Jordanian and Kazakh officials have called upon the private sectors in both countries to take advantage of investment opportunities, especially after political ...

 May 3 2015 - Results of poll of Ensour's government to be announced tomorrowJordan News Agency
(MENAFN - Jordan News Agency) The University of Jordan's Center for Strategic Studies will hold a press conference on Monday to announce the results of a poll regarding Prime Minister Abdullah ...

 May 3 2015 - Jordan adopts special strategy to counter terrorism, says interior ministerJordan News Agency
(MENAFN - Jordan News Agency) Interior Minister Hussein Majali said Jordan is making every effort to counter terrorism and extremism through developing a strategy involving civil society ...

 May 3 2015 - Iraq voices concern over US Congress billJordan News Agency
(MENAFN - Jordan News Agency) Iraqi Prime Minister Haider Al-Abadi received a telephone call from United States Vice President Joe Biden, in which al-Abadi discussed his concerns over a bill before ...

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