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| NRI investment can sculpt India's future |
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| Feb 19, 2010 Published in ideas
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| Keywords: future, india, investment, nri, oifc
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 There are many reasons that investing in India is a strong idea. Emerging markets are fertile ground for investment with,
- 36% of the global economy in terms of GDP
- 75% of the world's land mass
- 80% of the world's population
There is significant scope for growth in these markets and India is a major player in this sphere as indicated by its inclusion in the Outreach 5 (O5) being considered for inclusion in the G8.
Through our work creating the Overseas Indian Facilitation Centre (OIFC) and preparing to launch its business network (you can pre-register here by the way) we have looked deeply into the nature of investment from India's diaspora community. While there are many powerful financial reasons for investing into India there are some powerful reasons that can synthesise with this and this synthesis can help to create a bright future for India.
The current of FDI flowing into India is strong and growing stronger, and as India's economy expands there are many opportunities for individual as well as institutional investors. Some of these vehicles are general and broadly targeted but there is also great scope for Non-Resident Indians (NRIs) to actively shape the direction of India through their inward investment.
Active participation in a market gives the individual a measure of influence. As a consumer this influence can be seen in boycotts of companies or products viewed unfavourably. The power of this action comes from the mass of participation, but that mass is an aggregation of individuals. In a similar but more positive way investment can give a voice to the direction of India's growth.
Any investment into India helps the economy but investment can be targeted to express the will of the investor to develop particular sectors such as for example, education, environmental projects, healthcare, infrastructure and technology. Investment can even be targeted to individual projects that resonate with the NRI investor. This mindful investment is particularly powerful as it is not just an application of capital but an investment of care and will too. This is important as the economy of India is not just numbers it is composed of people and aspirations too. The paths of investment will directly effect the development of the nation too.
There are challenges within India that conscious investment can help to mitigate. There are large disparities in the prosperity of states and an ongoing (and certainly not unique to India) issue of rural/urban prosperity gap. The power of NRI investment is that the attachment of individuals can be a force to improve the economic climate of their state of origin or even the local area of their family.
It is important that this investment is not seen or received as charity. Investment can build a momentum where other investors perhaps even without an emotional connection to an opportunity can see the possibility of a return and join the support for the project. Relationships built on mutual advantage will be stronger that those built on altruism.
This is the key to NRI investment sculpting India's future. There must be mutual advantage. This is not about only answering a need. It is a chance to build relationships that can form a prosperous future for both parties. The conditions are ripe for this relationship to prosper and it is exciting to be part of a venture such as OIFC that can help this materialise.
Visit the OIFC site and see how we can help you invest in your future while building the India you want to see. |
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| 1 comment(s) |
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Neil Langley01:21:19 PMNov 20, 2010 |
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