What has been the role of NRIs in the economic development of India in the recent past?

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Non-residential Indians are basically Indians but settled elsewhere in the world for one or another purpose. India has enough natural resource, much required for the economic development but has not enough capital to exploit them and progress the economy. For this,

India depends, Largely, on Foreign investments.

After Liberalisation Policies introduced in 1990’s, many NRI has invested in Indian economy considering its huge potential of growth. This investment were attached after many beneficial schemes for them.

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It helps Indian economic to raise foreign currency funds, develops various sectors of industries, quality improvement through competition and creating new opportunities in India. Now the government could divert its finance towards infrastructure and basic social factors.

Thus NRI’s have been helpful in growth of Indian economy and development of Indian infrastructure apart from indirectly raising the standards of living of Indians.

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