India’s overseas millionaires: helping home? | beyondbrics:
"India’s biggest resource – a young population, a democratic system, or the large pool of wealthy citizens it sends abroad?
According to a new report from WealthInsight, the researchers, 180,000 Indian millionaires live abroad and they are together worth $634bn – a figure that is expected to grow to $1.1tn in three years.
The report classifies a non-resident Indian (NRI) as a citizen who lives abroad for 180 days a year or more, or anyone of Indian origin with a foreign passport. And using its detailed database of high net worth individuals around the world it finds there is a clear divide between millionaire and non-millionaire NRIs."
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