India Economy Thread

Indos said:
I wonder whether money to buy Indian companies stock or Indian obligation (whether state obligation or private issued obligation) from overseas Indian like you will be recorded as remittance in India statistic ?
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Foreign portfolio investment or portfolio invesment (if Indian citizen), it will be in capital account.... same with the bonds Indian govt (or Indian corp) issues internally (INR) and externally (USD)...like NRI bonds.... (these are long term maturities though I guess there are 1 year ones, but I think they still would be in capital account as they are not liquid during the year)....again its capital account.

Remittances are all liquid at any point during the year, its cash flow basically like the country's network expanded internationally, so its in current account along with export and import etc.
 
Indos said:
I wonder whether money to buy Indian companies stock or Indian obligation (whether state obligation or private issued obligation) from overseas Indian like you will be recorded as remittance in India statistic ?
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It depends upon how it is done.

I hold interest in Indian stocks and bonds via a "Global" ETF. This will likely NOT show up in remittance as this money comes via FDI channel.

There are those who hold stocks and bonds in India directly with Indian brokrages and firms. The so called NRI - DMAT accounts. These are funded by remittance.
 
Indos said:
Those who has good degree and work in Western countries and stay there plus build families there. They are unlikely to send remittance. They come from upper middle income or upper income families. Mostly their brothers, sisters have already good income. Sending money maybe for their parent.

You are likely right, those who send good amount of money every months mosly likely migrant workers whose family still in home countries. They dont have plan to live in Western/ Gulf countries forever
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While it is mostly true, the reality is a bit more complicated than that. India tightly regulates it agriculture sector and especially land purchases. Typically agriculture runs in family and so does agricultural properties. Indian government bans Non resident Indians, Former Indians (OCIs/PIOs) from buying agricultural land.

However, they can still inherit agricultural land. So this happens a significant times as well. I know it is common in AP(Indian province). Someone goes to US and earns decently. Money gets sent to extended family and their get favourable inheritance of agro-land. Or Their family in India buys agricultural land and funds comes from USA. Noteworthy, residential and commercial real estate can be directly bought.

Ask me how I came to know about it :) . Hint : My sister-in-law from Hyderabad recently "inherited" about 20 Acres of farmland. When she came to Canada, their family had hardly 1 Acre...


Upshot : Sometimes capital in India masquerades as "income" or "expense" or even "gift" to circumvent India's complex, archaic and extremely restricted finance and property laws.
 
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Amir Mahajane said:
Me and our family is being systematically tortured by intelligence agencies in Sonarpur, West Bengal, India. I've worked with Indian intelligence training team in bangalore. The front of the intelligence agencies was a team of intelligence agents was a team of Aegis technologies under a bald man named Pawan Kumar. They used to work in a Glaxo Smith kline Beecham process and they use this office to get info about Indian intelligence agents in pakistan. The office is in ITPL, Bangalore. Right now, me and my family are being systematically tortured by intelligence agencies in Sonarpur, West Bengal, India. This info is absolutely correct and free for you to use. The 2nd house on the right side of the road next to Parichoy Book Stall in S. B. B Sarani in Sonarpur is a control center for Indian intelligence. The road next to Parichoy Book Stall in S. B. B Sarani is a den of many working and retired intelligence agents. Please pass this information on to the relevant authorities. Thank you.
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Don’t think requesting this on a Pakistani forum will help your plight. I suggest trying other channels.
 
Much of this FDI comes from middle east. This FDI is not coming from so called "NRIs".
 
As and when US and the west says that they don't see a way for Indians to naturalize themselves in the west, the remittances would cross $300 billion a year at a min.
 
Thinking said:
Much of this FDI comes from middle east. This FDI is not coming from so called "NRIs".
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Those in middle east are also NRIs. The money comes from middle east because Indians there are not allowed to settle. If they start allowing that, the money would stay invested in that region.
 
Thinking said:
Much of this FDI comes from middle east. This FDI is not coming from so called "NRIs".
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Remittance is NOT FDI. FDI is money invested into India. It is purchase of shares, bonds by corporate entities. Remittance is earnings and savings sent by diaspora back to their home country.

The amount and source country for remittance was enquired in parliament in 2023. It was compiled by RBI and presented by FinMin.


1735238170359.png

Source countries:

1735238192768.png

So, no, "Gulf" is really not the largest source of remittance to India any more.
US, UK, Singapore are bigger sources.

US + UK + Singapore = 23.4 + 6.8 + 5.7 = 35.9
UAE + SA+ Kuwait+Oman+Qatar = 18+5.1+2.4+1.6+1.5 = 28.6

Also, workers in Gulf countries are indeed called NRIs.
 
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Apple commences assembling iPhone 16 series in India​


www.dynamitenews.com

Apple commences assembling iPhone 16 series in India

Apple has officially commenced the assembly of its entire iPhone 16 series in India, marking a significant step in the company's efforts to diversify its manufacturing operations beyond China. The news has been confirmed by GSM Arena. Read further on Dynamite News:
www.dynamitenews.com www.dynamitenews.com
 
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