NRI Investments - Save Income Tax and Grow Your Money

NRI or Non Resident Indians are referred to those Indian citizens who have immigrated to any other country in search of better job prospect and/or business opportunity. NRIs are today one of the largest propellers of growth and development as they are aware of the current market trends and opportunities which exist worldwide. Additionally, as NRIs recipient of direct forex reserve, they have large deposits of liquid assets which can be optimally utilized for further expansion of wealth and prosperity. Besides expanding financial portfolio and revenue stream, NRI investments can also assist in saving income tax. Indian government has devised several attractive schemes and policies which can help NRIs to save on income tax and reap benefits at the same time.

There are various methodologies which can be effectively used by NRI for making investments in the Indian market. Some of the benefits of investing in India are:

a) Booming market: There is no doubt that the market sentiments in India are positive. More and more companies and foreign investors are choosing India as the perfect investment hub. Booming market is the direct result of healthier stock exchange and commodities market, good employment rate and income foreign direct investment in major markets like retail, aviation, FMCG and real estate.

b) Stable Government: One of the primary reasons for higher growth and prosperity is a stable government. A government which is stable shows signs of good governance and decisions which actually help the market. It is very essential for the government to show strong signal of stability for uninterrupted growth and development.

c) Income tax benefits: Income tax is a necessity which every income generator and business man needs to pay to the government. In order to promote and encourage NRI investments, there are several schemes and programs though which an NRI can save on the taxes. You need to contact an expert Financial planner to know more about such attractive schemes.

d) ROI: Return on Investment or ROI is the most important aspect when it comes to NRI investment. Before an investment is made, the investor (NRI in this case) should carefully and properly ensure that the ROI is achieved within the stipulated amount of time. There are various avenues of investment which can be utilized by the NRI to bring along maximum ROI from the investment. Markets like gold, real estate, stocks of Information Technology companies and blue chip companies, Oil & Gas industry among various others are some of the sectors which can bring along maximum return on NRI investment, and saving income tax at the same time.