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Migrants who want to invest in India will settle abroad after retirement: Survey on migrants who want to invest in India will settle abroad after retirement

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Migrants who want to invest in India will settle abroad after retirement: Survey on migrants who want to invest in India will settle abroad after retirement

Mumbai, Nov 18 (PTI) Most of the overseas Indians want to invest in India. However, at the same time after retirement they want to settle in their current country of residence for better quality of life. This has been concluded in a survey on Thursday.

This survey has been done by foreign bank HSBC. In this, the views of 4,152 people of Indian origin living in other countries have been taken. 80 percent of the people surveyed said that they are investing in India, while 59 percent can increase their investment in India in the next three years.

The survey said that due to the Kovid-19 epidemic, a minority of NRIs have reduced their investment in the country during the last three years.

The people surveyed said that their friends and family live in India, which is the biggest motivation for them to invest here.

However, when it comes to settling down after retirement, 71 percent of those surveyed said that they would prefer to stay in their country of residence and would not like to come to India.

The survey said that overseas Indians from Australia, Canada, Malaysia and the US are more likely to settle in their country of residence after retirement. This is less likely for expatriates from Hong Kong, Singapore and the United Arab Emirates (UAE).

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