Biggest problem is to bring your own legal money from Indian bank account to Foreign bank. Reform is needed on this area. It is not as easy as we transfer from Foreign bank to Indian bank.. Plus fast depreciation of Rupee against dollar in last 5 years is another deterring factor..
Lol... if you made real estate or stock invesvestments your money would have at least doubled in the last 5 years (even offsets all the dollar rates, etc.)
As a NRI, i invested in a property in India. You are fine until you get hit with an issue. Govt authorities installed a electric pole right inside my property which was supposed to be installed on main road. I was surprised when i saw it on my india visit. I visited officials with a letter indicating they made a mistake and hence it needs to be removed. As you all can imagine, the official asked 50,000 rupees as a bribe to correct the mistake he made on my property. I refused. Result? I had to wait for 7 years, with no change. After that i was told the officer is transferred to another office and hence i need to write a new application. Long story short, i got it removed finally by paying a fee fir the removing vendor company. This is India. If you dont have anybody to check frequently, STAY AWAY!! India government officials are corrupt and will not change.They are used to bribe and nobody can change that!! Disgusting!!
Good point covered indirectly, do not ignore your people once you left India ... Keep good relationships with people in India irrespective of yiur status change
@@INDYEAH I have many relatives as I belong to a large family in India. I am very close to them and I visit India frequently. But my property is a empty land so nobody felt a need to check the property. After all, what can happen to a empty flat land? I used to check the empty land once a year when I found this poll installed.
@@INDYEAH Whatever you are saying is after the fact. The problem still persists in obtaining basic rights in India. Shouldn’t someone buy a piece of land if they have no close relative in India? That itself indicates the problem. Do you really say the same thing for other countries? Our mindset itself is the problem.
Information is very good, biggest issue in investing in India is no proper regulations in place and court of law is not in place for common man and NRI.
RK@: Very well said, to say the least. OCI & NRI experience is shockingly unbelievable, you not only burn your fingers, but your hands too, by investing in India. Why? Where are the local Indians gone? Gone for good overseas.
@@moneywisewithyella6425 our economists are not fools they knew what is happening but they don’t have the power to make it right , we the people are made fools by politicians.
100 % true . Indian laws favour tenants and the judiciary is very SICĶ ... Advocates are out to grab as much money from NRI as possible. Every stage of transaction is corrupted. Finding trustworthy people is difficult. Keep away ...there are better places to invest .This is my experience...I don't want anyone else to suffer .
Excellent discussion! Now Indian gov should revamp infrastructure and tackle corruption and make it more attractive for Indian youth to stay and contribute to development.
WAKE UP. Even if government take single move they will critize saying it only affects common man and rich people not affecting. When we make heavy change, expectation is we have to loss something for betterment . I mean WE is middle class/Poor. The change will slowly affects the rich as it move years . But, our people does not have patient and blabber what western media enforce us.
Instead of sending money to India for investment one ( if really keen) can invest in India centric ETFs listed on US Stock Exchanges.. This will avoid lot of unnecessary hassles...
@@aesculepious iShares MSCI India ETF (INDA) - Listed on NYSE Arca WisdomTree India Earnings Fund (EPI) - Listed on NYSE Arca Franklin FTSE India ETF (FLIN) - Listed on NYSE Arca Columbia India Consumer ETF (INCO) - Listed on NYSE Arca Invesco India ETF (PIN) - Listed on NYSE Arca BMO India Equity Index ETF (ZID) - Listed on Toronto Stock Exchange iShares India Index ETF (XID) - Listed on Toronto Stock Exchange
Sir, I came to Bahrain 1996 for work and during those days 1BD was Rs.90 and one cup of tea then was Rs.2.5 in Kerala. Now one cup of tea is Rs.14 and 1 BD is only Rs. 216. Price of a cup of tea has increased more than 6 times showing the value of rupee has gone down. Price hike is increasing badly in India and investment return is not increasing accordingly.
Moreover your money in NRO account is Blocked cant use in foreign countries. From Gulf so easy to remit to indian banks but to get own money from India is so hard which i have remited 15 years.
You talked about the future potential and opportunities of India that has not been realized. Selling dreams does not help. However the question still remains if it is worth the dollar investment?
I am sending dollars just to finish homeloan taken as resident indian. But after that, I am not investing in India, unless I am coming back permanently. Invest where you are living and will need to enjoy the fruit of investment. Even If I have a portfolio of 10-20 Crores, and it is giving 15% returns and I am not able to repatriate hard earned money, that is useless. Video is all honky dory but not practical.
I just came back from India. Some points like the economic growth target looks possible. But Governments corruption, and bureaucracy in the government offices are still intact. Black money circulation are at peak i.e. in real estate transaction only 20-30% money will be official and remaining will come in a bag which you will have hard time to count and will have problem to store. I had a hard time to open a DMAT account from USA even though I have PAN CARD, NRE and NRO accounts in the SBI since 2008. This year I was forced to travel to India just to complete the DMAT account process to complete the inherited stokes transaction. Indian Banks are like a vegetable market. Unless you are a rich person and have agents in India, stay away from the Indian Babus' government. If you are interested to invest in Indian stock market then use India Funds offered by the major US brokerage houses.
Taxes, fees, brokerage and you never get full market value of promised amounts. You land up with max 59% of the market value and then you lose in exchange rate over time.
Hi, need some info for a similar situation with inheritance. Not started the process. What documents you submitted to get the shares transferred to your name? Did you deal with Mutual funds transfer? Do they change name of the ownership or liquidate and deposit the funds directly to your NRO account? Your response will be appreciated.
We need to thank our forefathers, scientists, diplomats...who didn't give up after we gained independence, were not well off, and sometime under sanctions to what we see today. People born after 1990's are really fortunate to witness the rise of Bharat.
There is no rise happening. Car production is stagnant. Manufacturing is stagnant. All of Apple suppliers are running away from India. GDP of India collapsed 36% since 2014 in Gold terms. Per capita income of 250 rupees/month in 1950 is the same as starting salary of IT engineer today (3.5L) in Gold purchasing power terms (not even accounting for 18% tax). So much rising will make me throw up.
Lots of speculation without data to back it up , unfortunately trend is dollar is getting stronger against most other currency. American economy is growing where as India is not
Thank you NRI clinic, explained It well very well. You have missed India have the biggest advantage of young working population who can learn the AI or any technologies.
As much as I love India, I disagree with the author. Dollar is still the strongest currency, and PetroDollar is only one third of the total dollars. Keep in mind, US spends more on military than it's next 10 countries combined. That is where the real power of a currency comes from, along with a stable democracy and a trusted currency.
Hi,I am a banker working in State Bank of India,NRI BRANCH & we deals with NRIs only.In case of any financial,banking, investment or taxation needs or query,you can reach out to us on email sbi.13482@sbi.co.in.
We have been hearing about rupee value appraising for a long time. Not going to happen in near future. Also dollar is and will be used worldwide for trade for a long time. India has to deliver on earlier promises like make in India. Renewable energy hype seem to for Adanis same will be the fate of Hydrogen fuel cell.
Many of the ground realities are far from what u have projected .. execution is what matters and governance is at the core of any change .. our main index might not have fallen cause of heavy weight stocks but the mid and small caps had been beaten badly ...
These were d same arguments pitted against central govt once GSt T was introduced. Media was busy peddling lies and all that can go against GST and now for more than 10 consecutive months gst worth more than Rs. 1.4 Lakh Crore is being collected. Also a video by Abhijit Chavda shows stark connection btw demonetization and downward trend of Pakistan rupees. So bro, I think d current rulingvdispensation has that political will power to actually contribute something to this country. Once an anti bjp state, Kerala(my home state) rendered a hearty welcome to d PM yesterday and it was totally unprecedented. And I was in shock😮
Thank you Mr. Bhat for posting this well researched topic. I have seen numerous videos put out by global TH-camrs on the changing world order and de-dollarization. But you are among the first few that have related it to the investment back home for the huge Indian diaspora and NRI community. Though we are always bias to the motherland as well as have a gut feeling from an inward looking aspect sitting abroad, it still takes seasoned and experienced investment persons like yourself to strengthen that faith and belief. Kudos to you and NRI money Clinic team for putting up videos that are synced and tap into the pulse of all of us, NRIs. Stay blessed always!
Good speech. very positive one. But one thing I am unable to understand. it is stated that the economy would be 10 trillion$ in the next ten years. That means the economy has to grow by about 10% per annum. But the future projections of Indian GDP growth is less than 7% p.a. Will somebody comment on it?
If you understand the difference between real GDP and nominal GDP , then you will understand this difference. 7% GDP you are talking is real GDP adjusted to net of inflation ( nominal GDP minus Inflation ) . 10 trillion economy size is nominal size . In this case if you consider real GDP as 7% and inflation as 4% , then nominal GDP growth will be around 11% . Size of economy is measured as nominal GDP , growth of an economy is measured as real GDP. Hope I am clear
1) with AI and other autonomous technologies over next 10-20 years, huge population is burden, AI experts already talking about UBI 2) China will still be manufacturing giant indirectly through its influence in ASEAN region for low value manufacturing and where human capital is needed and through industrial robotics it can dominate high end manufacturing 3) Dedollarization is not that simple when the whole exchange rate is based on USD for any currency or commodity 4) India will grow but less than the hype He is correct to some extent but he is using the hype to push his business while is making wealthy NRIs who are clueless to use his firm to invest in India
Really insightful and I can attest having personally spent so much time and effort to move my own hard earned money from India. Taxes everywhere and grease money triple tax to invest in India!
One NRI invested in Hyderabad Realestate when $= 67, now if he sell it he is getting less no of dollars after meeting all his expenses. He cried literally and said he will not repeat such mistake.
I have been saying this to all my friends and family, but no use. Had they invested in US stock market index funds or real estate, they would have made so much money in the last 10 years. I own 2 rental properties, and I only paid 20% down with interest rate of 2.75%- 3%. Borrowing money is cheaper in USA than anywhere in the world.
Just wait for dollar to crash in the next three years.. this video is talking about now, not when dollar was 67, also, people have different reasons why they invest in India
Yes, 100% correct. After currency conversion you will be in loss. I live in US and always tell this to people in my circle. People laugh at me give me stares as if I am crazy 😀
Key message is : don’t have all eggs in 1 basket. India is good for diversification. Invest in stock market over 15 years. I plan to invest 12L per year over next 15 years.
Digital is fine, but speculation has to be backed by market trends. Based on rupee devaluation history it is unwise to say that the trend will reverse in the coming few years. Betting against the market is not smart.
Dear NRI Money Clinic team, Please make an informative video on NRI - Multi currency accounts options available in GIFT CITY and how NRI's can invest in Indian and US markets from GIFT CITY way. This will be very helpful.
I’d like everyone to look at Nifty 50 index chart and decide for themselves if India is doing well or not. You will be amazed to see how India is performing during these turbulent times.
Amazing summary that not many Indian know about the development done by Modi. If people don’t vote for freebies, whatever you said will happen and the development can continue.
This for many people who thinks negative on India. Fine articulation and look forward great knowledged person like you understand what is economy and to make people to understand in a simple language. Large population still don't know what is Vostro.
There are record number of Indians leaving for foreign countries, mostly young Indians. Most do not return. As of Feb. ‘23, this year only the number is up more then 60% increase then previous years. I’m an NRI who was born overseas, but who’s being visiting India every year since 2013 due to business reasons. I believe this will hurt India when foreign countries will manage to keep stealing all the ‘brain trust.’
No. of people leaving India is like a drop from a bucket. It won't affect India success story. In contrast, I think people moving out of India is good for India in both tangible & non-tangible ways. These are our Brand Ambassadors. They will directly influence India's growth.
No Sir, No country stole Indian brain. They left India because their was not used there or even valued. That is because the country is run by uneducated people like actors, actresses, land lords, rapist and murderers etc.
How many of them are top notch in their fields? I have spent years in europe and most of them are average or slightly above average. Only 1% of the Indian population lives in foreign countries.
Watching this after 1 year and shocked to say, you were spot on.. 💯 percent correct prediction.. Please give a succeeding video for the Predictions now
I would love to invest in India, though I ignore rupee depreciation for a long term view. The other only reason I'm not investing in India is hefty fees for NRI. Either India don't like NRI's money or they are forcing NRI's to park money in $$$.
I have invested in apartment in india with a relative. My relative is happy that the price increased by 15-20%. To me the investment is a loss because When I bought $ was Rs40. Now it's Rs. 81. During Covid time lots of NRIs were sending money to India to help friends and families. That's why sudden influx of $. De-dollarization will make Yuan stronger. The companies moving to India because they do not want to depend on only China. Although India does have incredible new opportunities because of the new world order and distrust created by U.S. $ by using it as a weapon on the top of $31 trillion debt.
yes.. same experience for most of my friends.. They sent money at 38-49Rs per $ in 2008-2010. Even though, stocks/Real estate 2x-5x but selling and bring back money to US is hard (also at Rs 81).. Dont know about future!!!
It’s impractical to create EV infrastructure even for developed countries like US, India can never be able to create it. I doubt if the EV to Fossil fuel vehicles % will go beyond 10%. This is also optimistic figure. Hence we will always have net imports due to crude oil.
here in Indore, there are electric buses, ebikes and electric cars. my neighbors have brought one last month. also, long distance buses are also converting to ev. if you include ericlshaws, India is already having most evs in the world. about 60 lakh erickshaws are on road all India. they serve the transport need for atleast 6cr Indians. less crude demand , better earnings and air quality. also, India has largest solar plant in the world and largest 2w ev factory too - ola electric near bangalore. the running cost of ev car is 10x cheaper per km than petrol ones. its pure economics, not subsidies the base tiago ev starts from 9 lakh rs or 11k usd. it comes with liquid cooled lithium battery, perfect for city use.
Wealthy NRIs investing in Indian real estate makes life difficult for Resident Indians here., because of this decent 2BHK flat costing upwards of 1 Cr. Don't go by De-dollarisation efforts , even after much hyped Rouble INR trade, guess the % of trade in ROUBLE INR, *ITS JUST 1%* So rupee appreciation is a mirage , in a developing country like India, RBI willl not allow this.
It is not true that we can use Indian Rupees for imports, it is not yet finalized. China is pushing for Yuan currency, and Russia is asking for payments in UAE Dirhams not in Rupees.
Folks this is a classic example of theoretical knowledge vs practical knowledge. On paper India can be made to look like an exciting place to invest, but ALL of us(specially NRIs) know the truth in our bones that India is a black hole of corruption that you should stay light years away from. Isn't that exactly the reason why we chose to "escape" from India in the first place ?
Road network is world class 😂, I live in Secunderabad it takes 15-20 minutes to travel 5 KM. Talk about the people driving on the roads and no safety for pedestrians. India has grown I agree, our education system has to change to encourage creativity. I lived in the US, many of these startup companies employ Indians? Please tell me what have we invented which is world class? Look at China it grew tremendously last few decades but now .. what’s happening? They copy .. no creativity. Fundamentally people have to change and our education system should be part of growth story. Oh, wait for a govt change to undo all the progress.
Foremost, Investment decisions have to do with time horizons. You need to remember that there are many many NRIs who are 65 years and older, whose time horizon for investment is under 10 years !! The video is leading them to a slippery slope.
First time visiting to this channel; A circular logic theme with few quantitative numbers or reference numbers. Excessive use of superlative adjectives with few comparables. It’s probably meant for the novice but lopsided to a even keeled investor with an understanding of economies besides India.
Totally agree. Any sane NRI should stop investing in India. I live in USA and I never have to worry about someone encroaching my property. I know we Indians love our country deeply, but this video is misleading. I don't see how India will be a super power with out Innovation. Even today we're are a net importer. All software jobs in India are US companies. We are so narcissistic and self centered.
@@kal8109if you have egoistic leaders in charge this is what happens. Laws keep changing frequently. NRIs if they invest in India their money gets stuck and taxed both in India and US. With India keeping on promising to do refund which will never come.
recently my wife was travelling in auto and she was approached by person seeking alms.. when my wife said no cash.. the person immediately pulls out qr code and ask for money..
i doubt very much what is being said. india is heavily taxed, and highly inflationary. it is not competitive in manufactured exports. so the result will be a gradual depreciation of the INR.
Thanks for your analysis. Please do a video for non-NRIs. I am finding purchasing stocks and ETFs difficult because I am neither an Indian resident nor someone whose family background is from India. ETFs in Canada and USA that invest in Indian equities have high costs for us. Also, an economic and even political analysis of the pros and cons (and for *whom*) of the nation of India's nationalist and protectionist investment policies, compared to say Singapore and Dubai. Why do we not have policies of reciprocity regarding real property and stock market access, as with immigration? Or indeed, do we?
Hello Sir. I have a question. What is the difference between investing in India directly via Indian fund houses and by investing in a US exchange listed ETF that invests in India
Hi, can you please make a video similar to this for expats in Japan? There are many expats in Japan and we are very concerned with the dropping jpy value against inr in the last 2-3 years.
You have pointed out that the Indian economy in the next 10 years or so would grow from its current level of 3.2T to about 10T levels What would be the relative growth for. US, European nations and. China for this period
You did not touch upon the main topic why INR loses value, the reason is voluntary devaluation of INR to boost export, this will not change atleast in next 25 years
1 year later rupee is 83 to the dollar. Russia doesnt know what to do with the rupee for the oil they sold to India. Extremely high taxes and procedures is reducing FDI and starting new factories. Companies prefering smaller countries like Vietnam, to invest in as they are much wasier to work with.
If India is getting filthy rich in US$, what makes the govt charge 20% tax on all US$ transfers from June 2023 onwards? meaning that if resident Indians send to the U.S. or any other countries As per RBI's guidelines under the liberalized remittance scheme (LRS), a resident Indian could send up to $250,000 in a financial year, but now from June 2023 onwards everybody has to pay a tax of 20% if you choose to transfer. SAD
If you invest abroad directly or are planning a foreign tour, be ready to face a larger tax hit from 1 July 2023. The Budget proposes that any outward remittances for purposes other than medical treatment and education will incur a tax collected at source (TCS) of 20% on the entire value.Feb 6, 2023
You have wrongly understood taxation . It is not 20% tax , but preventive taxation called Tax Deducted At Source ( TCS) . In foreign countries it is known as witholding tax . You can file tax returns in India and claim back amount , if you are not liable to pay taxes
@@shammigujral2270dear sir ,nicely put, it's tds,not that tds amount will not be refunded, if you claim,it will return to you, only thing while sending you hv to pay 20% more amount, till it is refunded iafter retu submitted
I was resident in India and recently moved to UK due to opportunities,,, I have some equity stocks and mutual funds, should I have to hold or sell it ???? Can anyone please guide
Excellent insights! My 2-cents: Instead of shares, buy gold (jewelry, not bars) when you visit Bharat. That also is a good investment in India, and good returns for you. Do you agree?
I understand that you have a positive outlook on the growth prospects of the Indian economy. You believe that with the support of Indian non-resident individuals, it's possible to boost the overall output of the Indian industry and acquire knowledge of international standards.
What is the price of 3 bedroom flat in mumbai berween bandra n santacruz west? I bought 3 falt in juhu facing sea o 13th floor 15 years back n still have it what inflation has done?
Invest in India - only if the investment is ready ! Invest in equity ETF where you are control of buying/selling with a click of a button. Don’t invest in real estate - under construction or “almost ready” don’t invest in commercial properties. Courts do not come to your rescue. Succession of assets is a stressful process. Banks are inefficient and customer service is horrible Take it from a NRI who is in India and invested large sums! There is a major issue of currency risk Also, once funds become NRO or income in resident accounts it’s expensive to remit it back to your country of residence
On the dollar / rupee exchange loss for NRIs , if Indian exports go up don’t you think it will be in India’s interest to make sure that rupee doesn’t appreciate much ?
Between 2005-08 I moved $350k to invest in Hyderabad real estate. With current exchange rate, the investment fell to $170k. Due to encroaching and what not the properties are worth 1.6 cr or less than $80k. So instead of empirical data , can you guarantee the rs will not devalue more than 5%?
fantastic sir. very detailed; I was gathering information for the past few months. What you said exactly matched perfectly into all the areas that I studies. thank so much for ur detailed review
Talking about macro economics. Good for big fish not equal distribution of wealth, resources,opportunity at bottom of pyramid. I have many NRI friends who invested in india. Lost majority money and returned back to USA. Big fish will only make money.
It will be possible in one fine day government would wake up and announce whatever you invested out of which 50% will go to the government as it was done during demolition. There is no fixed law in India that would be modified as per the convenience of the ruling party.
Spot on, to say the least. It would finally come to that. You can fool some of the people sometimes, you can also fool all the people sometimes, but you cannot fool some of the people all the time. 💵 💷
Are you referring to demonetization or something else ? Demonetization was done due to rampant counterfeiting of India paper money. Short term pain, but worth freeing from those false bills.
Dr Bhat you have been doing great job in educating NRIs or Residents on money matters. I have sent number of your videos. It is remarkable. I don't see any one else doing this in India. My hearty appreciation to you for this invaluable service. I need one clarification probably missed to catch in your videos. My daughter is an NRI I need to transfer some if my property to her. If she later disposed that van she repatriate the money to US?
Russians are now stuck with billions of rupees in vostro accounts and there is no way to liquidate as our exports are weak compared to imports. So how will dedolarisation move forward
Hi I have some existing mutual funds ...Now I have recently gained NRI status ... opened NRE and NRO account ...How do I continue investing in my existing mutual funds through NRO account..where do I have to update my KYC
Latest inflation report for July and expected inflation report for August for India is higher than the U.S. right now and it doesn't maintain a set trajectory. It has been around 7% average for India for the last 2 decades hence, comparing inflation and saying inflation trajectory is better for INR is not right when doing it for only one set month where this might be the case.
Comparing growth prospects overall with countries is also another fallacy! While the broad spectrum of 'speculated growth' for any economy might be positive, if inflation eats up the major portion of the growth, that comparison is pretty useless. Secondly the analogy you're making - markets move because of overall economic growth - is a fallacy. It's the other way round. Growth in individual sectors lead to growth in the market and that leads to the overall economic growth. At the end of the day, if you're living in India and earn in INR and invest in INR, then your statements hold some water but I would argue that for anyone earning in INR - investing in USD in a US brokerage would be a lot better long term (5-10 years+) not just from overall growth perspective but also from the USD-INR currency value pair along with inflation depreciating the earning potential of the Indian common man.
Please make a episode on repatriation issues faced by NRIs. Especially if one invests in Real estate where you have issues of Black and White money.
Sounds really good and encouraging but truth is it’s really very very difficult to operate anything in India!
Biggest problem is to bring your own legal money from Indian bank account to Foreign bank. Reform is needed on this area. It is not as easy as we transfer from Foreign bank to Indian bank.. Plus fast depreciation of Rupee against dollar in last 5 years is another deterring factor..
True.
wait till 2025 dollar will lose it's value 😂
@@AdityaJapeNo it won't, the dollar will be at 90 by 2025
@@jazzyjazzy903 yes and crash post may 2025.
Lol... if you made real estate or stock invesvestments your money would have at least doubled in the last 5 years (even offsets all the dollar rates, etc.)
As a NRI, i invested in a property in India. You are fine until you get hit with an issue. Govt authorities installed a electric pole right inside my property which was supposed to be installed on main road. I was surprised when i saw it on my india visit. I visited officials with a letter indicating they made a mistake and hence it needs to be removed. As you all can imagine, the official asked 50,000 rupees as a bribe to correct the mistake he made on my property. I refused. Result? I had to wait for 7 years, with no change. After that i was told the officer is transferred to another office and hence i need to write a new application. Long story short, i got it removed finally by paying a fee fir the removing vendor company. This is India. If you dont have anybody to check frequently, STAY AWAY!! India government officials are corrupt and will not change.They are used to bribe and nobody can change that!! Disgusting!!
Good point covered indirectly, do not ignore your people once you left India ... Keep good relationships with people in India irrespective of yiur status change
@@INDYEAH I have many relatives as I belong to a large family in India. I am very close to them and I visit India frequently. But my property is a empty land so nobody felt a need to check the property. After all, what can happen to a empty flat land? I used to check the empty land once a year when I found this poll installed.
i am an nri like you and i have the same problem
@@INDYEAH Whatever you are saying is after the fact. The problem still persists in obtaining basic rights in India. Shouldn’t someone buy a piece of land if they have no close relative in India? That itself indicates the problem. Do you really say the same thing for other countries? Our mindset itself is the problem.
It’s not Indian government officials they are State government officials who manage the state !
The confidence people have to invest in US is the systems are working in US irrespective of which party rules.
Are you interested to invest to earn crore daily
Information is very good, biggest issue in investing in India is no proper regulations in place and court of law is not in place for common man and NRI.
RK@: Very well said, to say the least. OCI & NRI experience is shockingly unbelievable, you not only burn your fingers, but your hands too, by investing in India. Why? Where are the local Indians gone? Gone for good overseas.
Be careful.. reality is different., don’t carried away. Just talk to your friends and relatives those doing business, they tell true stories.
India's GDP is 6%, and currency depreciation is 6% plus inflation in India is very high. Most important repatriation of money is very complex.
Inflation is not measured properly could be 12
Currency depreciation is 3% and not 6%.
Exactly why he said de dollarizing will neutralize currency depreciation
@@MrChandanc9 GDP is not measured properly. It could be 12.
Common mate - Do you think economists of our country are fools?
@@moneywisewithyella6425 our economists are not fools they knew what is happening but they don’t have the power to make it right , we the people are made fools by politicians.
100 % true . Indian laws favour tenants and the judiciary is very SICĶ ... Advocates are out to grab as much money from NRI as possible. Every stage of transaction is corrupted. Finding trustworthy people is difficult. Keep away ...there are better places to invest .This is my experience...I don't want anyone else to suffer .
Lol 😂 you cannot buy acer in another 10 years
BS
Judiciary is very SICK - Very appropriate
If you don't go through Proper people or proper Homework then you are likely to get disappointed
@@pranavgoud5709 what has acer to do with property investment in india .???
Excellent discussion!
Now Indian gov should revamp infrastructure and tackle corruption and make it more attractive for Indian youth to stay and contribute to development.
It’s not happening, it’s still 40% circar, it is a multipolar world
Well said 👍
When is this likely to happen?
WAKE UP. Even if government take single move they will critize saying it only affects common man and rich people not affecting. When we make heavy change, expectation is we have to loss something for betterment . I mean WE is middle class/Poor. The change will slowly affects the rich as it move years . But, our people does not have patient and blabber what western media enforce us.
entitled desh drohi NRI 😂
Instead of sending money to India for investment one ( if really keen) can invest in India centric ETFs listed on US Stock Exchanges.. This will avoid lot of unnecessary hassles...
That’s a very good thought , can you pls share such ETFs
@@aesculepious iShares MSCI India ETF (INDA) - Listed on NYSE Arca
WisdomTree India Earnings Fund (EPI) - Listed on NYSE Arca
Franklin FTSE India ETF (FLIN) - Listed on NYSE Arca
Columbia India Consumer ETF (INCO) - Listed on NYSE Arca
Invesco India ETF (PIN) - Listed on NYSE Arca
BMO India Equity Index ETF (ZID) - Listed on Toronto Stock Exchange
iShares India Index ETF (XID) - Listed on Toronto Stock Exchange
@@aesculepious INDA, INDY, SMIN, EPI
Absolutely.... pata chalnese pehle kafi cheeze hat se nilal jati hai 😂
@@beginner828what ?
Sir, I came to Bahrain 1996 for work and during those days 1BD was Rs.90 and one cup of tea then was Rs.2.5 in Kerala.
Now one cup of tea is Rs.14 and 1 BD is only Rs. 216.
Price of a cup of tea has increased more than 6 times showing the value of rupee has gone down.
Price hike is increasing badly in India and investment return is not increasing accordingly.
Moreover your money in NRO account is Blocked cant use in foreign countries. From Gulf so easy to remit to indian banks but to get own money from India is so hard which i have remited 15 years.
In 1996 price of Tea was 1rs and not 2.5
@@preetmohanty3587 in kerala it was 2 to 2.5
@@preetmohanty3587
It depends on the place where you are taking. You might have taken on road side stall , where now it is 10. Then it is 10 times.
@Venkateswarlu Chaluvadi agree but u can't compare to tea taken from a road side stall in 1996 to 4 star hotel tea in todays times
Opening a DMAT account itself I find very unwelcoming procedure !! So gonna close my PIS account soon !!
Agreed
You talked about the future potential and opportunities of India that has not been realized. Selling dreams does not help. However the question still remains if it is worth the dollar investment?
so the USA has a bright future? 😂
I am sending dollars just to finish homeloan taken as resident indian.
But after that, I am not investing in India, unless I am coming back permanently. Invest where you are living and will need to enjoy the fruit of investment. Even If I have a portfolio of 10-20 Crores, and it is giving 15% returns and I am not able to repatriate hard earned money, that is useless.
Video is all honky dory but not practical.
I just came back from India. Some points like the economic growth target looks possible. But Governments corruption, and bureaucracy in the government offices are still intact. Black money circulation are at peak i.e. in real estate transaction only 20-30% money will be official and remaining will come in a bag which you will have hard time to count and will have problem to store. I had a hard time to open a DMAT account from USA even though I have PAN CARD, NRE and NRO accounts in the SBI since 2008. This year I was forced to travel to India just to complete the DMAT account process to complete the inherited stokes transaction. Indian Banks are like a vegetable market. Unless you are a rich person and have agents in India, stay away from the Indian Babus' government. If you are interested to invest in Indian stock market then use India Funds offered by the major US brokerage houses.
you could have opened your demat account in zeerodha within a minute. I did that from USA.
Taxes, fees, brokerage and you never get full market value of promised amounts.
You land up with max 59% of the market value and then you lose in exchange rate over time.
Hi, need some info for a similar situation with inheritance. Not started the process. What documents you submitted to get the shares transferred to your name? Did you deal with Mutual funds transfer? Do they change name of the ownership or liquidate and deposit the funds directly to your NRO account? Your response will be appreciated.
We need to thank our forefathers, scientists, diplomats...who didn't give up after we gained independence, were not well off, and sometime under sanctions to what we see today. People born after 1990's are really fortunate to witness the rise of Bharat.
There is no rise happening. Car production is stagnant. Manufacturing is stagnant. All of Apple suppliers are running away from India. GDP of India collapsed 36% since 2014 in Gold terms. Per capita income of 250 rupees/month in 1950 is the same as starting salary of IT engineer today (3.5L) in Gold purchasing power terms (not even accounting for 18% tax). So much rising will make me throw up.
Lots of speculation without data to back it up , unfortunately trend is dollar is getting stronger against most other currency. American economy is growing where as India is not
Share market investment is horrible.. Until & unless our regulatory system change... Recent adani scam an example..
Thank you NRI clinic, explained It well very well. You have missed India have the biggest advantage of young working population who can learn the AI or any technologies.
Do not invest in India 😂 .. click bait 😂 .. but good information in the video ❤
As much as I love India, I disagree with the author. Dollar is still the strongest currency, and PetroDollar is only one third of the total dollars. Keep in mind, US spends more on military than it's next 10 countries combined. That is where the real power of a currency comes from, along with a stable democracy and a trusted currency.
Hi,I am a banker working in State Bank of India,NRI BRANCH & we deals with NRIs only.In case of any financial,banking, investment or taxation needs or query,you can reach out to us on email sbi.13482@sbi.co.in.
We have been hearing about rupee value appraising for a long time. Not going to happen in near future. Also dollar is and will be used worldwide for trade for a long time. India has to deliver on earlier promises like make in India. Renewable energy hype seem to for Adanis same will be the fate of Hydrogen fuel cell.
😂
wait and see what happens in Q3 2025.
Many of the ground realities are far from what u have projected .. execution is what matters and governance is at the core of any change .. our main index might not have fallen cause of heavy weight stocks but the mid and small caps had been beaten badly ...
These were d same arguments pitted against central govt once GSt T was introduced. Media was busy peddling lies and all that can go against GST and now for more than 10 consecutive months gst worth more than Rs. 1.4 Lakh Crore is being collected.
Also a video by Abhijit Chavda shows stark connection btw demonetization and downward trend of Pakistan rupees.
So bro, I think d current rulingvdispensation has that political will power to actually contribute something to this country.
Once an anti bjp state, Kerala(my home state) rendered a hearty welcome to d PM yesterday and it was totally unprecedented. And I was in shock😮
Indians always live in la la land and keep selling dreams.
Thank you Mr. Bhat for posting this well researched topic. I have seen numerous videos put out by global TH-camrs on the changing world order and de-dollarization. But you are among the first few that have related it to the investment back home for the huge Indian diaspora and NRI community. Though we are always bias to the motherland as well as have a gut feeling from an inward looking aspect sitting abroad, it still takes seasoned and experienced investment persons like yourself to strengthen that faith and belief. Kudos to you and NRI money Clinic team for putting up videos that are synced and tap into the pulse of all of us, NRIs. Stay blessed always!
Thank you very much for your kind words and feedback. Stay tuned
Don't be carried away from this man's advice. Reality is very different
@@jamespinto5379sooo, what's your advice?
Good speech. very positive one. But one thing I am unable to understand. it is stated that the economy would be 10 trillion$ in the next ten years. That means the economy has to grow by about 10% per annum. But the future projections of Indian GDP growth is less than 7% p.a. Will somebody comment on it?
If you understand the difference between real GDP and nominal GDP , then you will understand this difference.
7% GDP you are talking is real GDP adjusted to net of inflation ( nominal GDP minus Inflation ) . 10 trillion economy size is nominal size . In this case if you consider real GDP as 7% and inflation as 4% , then nominal GDP growth will be around 11% .
Size of economy is measured as nominal GDP , growth of an economy is measured as real GDP.
Hope I am clear
Very informative video. 👍
What about OCI Cards holders. Can you please explain? Thanks
Try to put some light on burning issues like"roti, kapada aur makan"and the deadly virus of corruption at every level.
1) with AI and other autonomous technologies over next 10-20 years, huge population is burden, AI experts already talking about UBI
2) China will still be manufacturing giant indirectly through its influence in ASEAN region for low value manufacturing and where human capital is needed and through industrial robotics it can dominate high end manufacturing
3) Dedollarization is not that simple when the whole exchange rate is based on USD for any currency or commodity
4) India will grow but less than the hype
He is correct to some extent but he is using the hype to push his business while is making wealthy NRIs who are clueless to use his firm to invest in India
Really insightful and I can attest having personally spent so much time and effort to move my own hard earned money from India. Taxes everywhere and grease money triple tax to invest in India!
One NRI invested in Hyderabad Realestate when $= 67, now if he sell it he is getting less no of dollars after meeting all his expenses. He cried literally and said he will not repeat such mistake.
I have been saying this to all my friends and family, but no use. Had they invested in US stock market index funds or real estate, they would have made so much money in the last 10 years. I own 2 rental properties, and I only paid 20% down with interest rate of 2.75%- 3%. Borrowing money is cheaper in USA than anywhere in the world.
Just wait for dollar to crash in the next three years.. this video is talking about now, not when dollar was 67, also, people have different reasons why they invest in India
Rule of the law depends how low $ would go against INR and what time frame... time is money.. and it's tricky.
Yes, 100% correct. After currency conversion you will be in loss. I live in US and always tell this to people in my circle. People laugh at me give me stares as if I am crazy 😀
And good luck trying to repatriating the balance after paying tax. It is so difficult even though you do it all through cheque and ach.
Key message is : don’t have all eggs in 1 basket. India is good for diversification. Invest in stock market over 15 years. I plan to invest 12L per year over next 15 years.
Are you interested to invest to earn crore daily
From share market ❤
Digital is fine, but speculation has to be backed by market trends. Based on rupee devaluation history it is unwise to say that the trend will reverse in the coming few years. Betting against the market is not smart.
Dear NRI Money Clinic team,
Please make an informative video on NRI - Multi currency accounts options available in GIFT CITY and how NRI's can invest in Indian and US markets from GIFT CITY way. This will be very helpful.
Presently Russia is accepting crude payment in UAE dirhams,, is this correct????
I’d like everyone to look at Nifty 50 index chart and decide for themselves if India is doing well or not. You will be amazed to see how India is performing during these turbulent times.
Soo true .
Dr., you are super intelligent. What ever you are saying makes a LOT OF sense. Happy to subscribe your channel.
The ETF ticker symbols ( In USA) are INDL, EPI & SMIN worth looking at..
Amazing summary that not many Indian know about the development done by Modi. If people don’t vote for freebies, whatever you said will happen and the development can continue.
This for many people who thinks negative on India. Fine articulation and look forward great knowledged person like you understand what is economy and to make people to understand in a simple language. Large population still don't know what is Vostro.
There are record number of Indians leaving for foreign countries, mostly young Indians. Most do not return. As of Feb. ‘23, this year only the number is up more then 60% increase then previous years. I’m an NRI who was born overseas, but who’s being visiting India every year since 2013 due to business reasons. I believe this will hurt India when foreign countries will manage to keep stealing all the ‘brain trust.’
No. of people leaving India is like a drop from a bucket. It won't affect India success story. In contrast, I think people moving out of India is good for India in both tangible & non-tangible ways. These are our Brand Ambassadors. They will directly influence India's growth.
HNIs are leaving which will only hurt
No Sir, No country stole Indian brain. They left India because their was not used there or even valued. That is because the country is run by uneducated people like actors, actresses, land lords, rapist and murderers etc.
Brain drain helps a country tremendously. Plus, India is at an inflection point where the curve of brain drain is slowly tilting downwards.
How many of them are top notch in their fields?
I have spent years in europe and most of them are average or slightly above average.
Only 1% of the Indian population lives in foreign countries.
The country was always hot, and it is getting hotter every year. I am worried about the impact that the heat might have on productivity.
Bruh it's getting hot everywhere, it's called global warming.
@@annurai5196 Does giving the problem a name solve it?
Very well put and excellent analysis sir! Keep it up 👍🏼
Watching this after 1 year and shocked to say, you were spot on.. 💯 percent correct prediction..
Please give a succeeding video for the Predictions now
I would love to invest in India, though I ignore rupee depreciation for a long term view. The other only reason I'm not investing in India is hefty fees for NRI. Either India don't like NRI's money or they are forcing NRI's to park money in $$$.
I have invested in apartment in india with a relative. My relative is happy that the price increased by 15-20%. To me the investment is a loss because When I bought $ was Rs40. Now it's Rs. 81. During Covid time lots of NRIs were sending money to India to help friends and families. That's why sudden influx of $. De-dollarization will make Yuan stronger. The companies moving to India because they do not want to depend on only China. Although India does have incredible new opportunities because of the new world order and distrust created by U.S. $ by using it as a weapon on the top of $31 trillion debt.
Very true ..Value of INR was rs 38 in 2008..even if property prices would double, in Dollar terms it is loss today as inr is 83 rs
no one trusts china also they don't population for working left.
yes.. same experience for most of my friends.. They sent money at 38-49Rs per $ in 2008-2010. Even though, stocks/Real estate 2x-5x but selling and bring back money to US is hard (also at Rs 81).. Dont know about future!!!
If an NRI does not see their or kids future living in India, then don't invest in India.
Wonderful contents
Very true
Very good information 2045 india is No 1 world economy foundation putting last 10 yesrs its grest heven to invest grow at sky high
Well said sir
It’s impractical to create EV infrastructure even for developed countries like US, India can never be able to create it. I doubt if the EV to Fossil fuel vehicles % will go beyond 10%. This is also optimistic figure. Hence we will always have net imports due to crude oil.
Bash I don’t think so. Plus lithium found in India will get a huge push.
here in Indore, there are electric buses, ebikes and electric cars.
my neighbors have brought one last month. also, long distance buses are also converting to ev.
if you include ericlshaws, India is already having most evs in the world. about 60 lakh erickshaws are on road all India.
they serve the transport need for atleast 6cr Indians. less crude demand , better earnings and air quality.
also, India has largest solar plant in the world and largest 2w ev factory too - ola electric near bangalore.
the running cost of ev car is 10x cheaper per km than petrol ones. its pure economics, not subsidies
the base tiago ev starts from 9 lakh rs or 11k usd. it comes with liquid cooled lithium battery, perfect for city use.
Wealthy NRIs investing in Indian real estate makes life difficult for Resident Indians here., because of this decent 2BHK flat costing upwards of 1 Cr.
Don't go by De-dollarisation efforts , even after much hyped Rouble INR trade, guess the % of trade in ROUBLE INR, *ITS JUST 1%*
So rupee appreciation is a mirage , in a developing country like India, RBI willl not allow this.
Very in-depth but very simply explained.Sir can you share details of what all investments that an NRI Can do in India?
It is not true that we can use Indian Rupees for imports, it is not yet finalized. China is pushing for Yuan currency, and Russia is asking for payments in UAE Dirhams not in Rupees.
Folks this is a classic example of theoretical knowledge vs practical knowledge. On paper India can be made to look like an exciting place to invest, but ALL of us(specially NRIs) know the truth in our bones that India is a black hole of corruption that you should stay light years away from. Isn't that exactly the reason why we chose to "escape" from India in the first place ?
Road network is world class 😂, I live in Secunderabad it takes 15-20 minutes to travel 5 KM.
Talk about the people driving on the roads and no safety for pedestrians.
India has grown I agree, our education system has to change to encourage creativity. I lived in the US, many of these startup companies employ Indians?
Please tell me what have we invented which is world class?
Look at China it grew tremendously last few decades but now .. what’s happening? They copy .. no creativity.
Fundamentally people have to change and our education system should be part of growth story.
Oh, wait for a govt change to undo all the progress.
Foremost, Investment decisions have to do with time horizons. You need to remember that there are many many NRIs who are 65 years and older, whose time horizon for investment is under 10 years !! The video is leading them to a slippery slope.
First time visiting to this channel;
A circular logic theme with few quantitative numbers or reference numbers. Excessive use of superlative adjectives with few comparables.
It’s probably meant for the novice but lopsided to a even keeled investor with an understanding of economies besides India.
Totally .. he seems to distorted from the reality and putting up this kind of videos based on absolute false information.
Are you interested to invest to earn crore daily
This is a very informative video to the NRI'S. Thank you for sharing your knowledge.
Are you interested to invest to earn crore daily
Hello, an NRI who wants to return in the next 20 years anything would you suggest anything for investment in mutual funds.
Never invest a single dollar, especially in property.
You will get bullied by law, the police and the builders.
Totally agree. Any sane NRI should stop investing in India. I live in USA and I never have to worry about someone encroaching my property. I know we Indians love our country deeply, but this video is misleading. I don't see how India will be a super power with out Innovation. Even today we're are a net importer. All software jobs in India are US companies. We are so narcissistic and self centered.
@@kal8109if you have egoistic leaders in charge this is what happens. Laws keep changing frequently.
NRIs if they invest in India their money gets stuck and taxed both in India and US. With India keeping on promising to do refund which will never come.
Not true. Depends on where you invest in property. I have invested in and around Mumbai. Never ever faced any challenges.
Major cities and Tech startups Fin Tech investment are attractive in India. And The speaker says investment in West likely to be downward curve
@@kal8109 LOL. Without innovation??? When was the last time you even visited India? That's all I ask.
I have promoted 15 start ups but unfortunately not been able to raise FDI to be invested in India 🇮🇳
What is per capita income of 14 billion population
recently my wife was travelling in auto and she was approached by person seeking alms.. when my wife said no cash.. the person immediately pulls out qr code and ask for money..
Sir I am retired person want to invest some amount I shares and mutual fund I am raw to all these pl guide were and which company oli should invest
i doubt very much what is being said. india is heavily taxed, and highly inflationary. it is not competitive in manufactured exports. so the result will be a gradual depreciation of the INR.
Thanks for your analysis. Please do a video for non-NRIs. I am finding purchasing stocks and ETFs difficult because I am neither an Indian resident nor someone whose family background is from India. ETFs in Canada and USA that invest in Indian equities have high costs for us.
Also, an economic and even political analysis of the pros and cons (and for *whom*) of the nation of India's nationalist and protectionist investment policies, compared to say Singapore and Dubai. Why do we not have policies of reciprocity regarding real property and stock market access, as with immigration? Or indeed, do we?
very good video but there is lots of light blip at the bottom of your video pls correct it.
Hello Sir. I have a question. What is the difference between investing in India directly via Indian fund houses and by investing in a US exchange listed ETF that invests in India
Thanks , very informative , fully agree with you that Indian economy will grow in next couple of years and it is right time to invest in India.
your information and presentation is very good but your high lights of u tube is confusing ,
Feed back noted with thanks . Will work on it
Hi, can you please make a video similar to this for expats in Japan? There are many expats in Japan and we are very concerned with the dropping jpy value against inr in the last 2-3 years.
What are some good future investments in India? Some blue chip companies such as Reliance, Tata, etc. Also, any other investments?
you headline is exactly opposite to your words absolutely right thought it will be negative but every thing is positive but the headline
Excellent information sir...
Could you please discuss with DIGITAL RUPEE
You have pointed out that the Indian economy in the next 10 years or so would grow from its current level of 3.2T to about 10T levels
What would be the relative growth for. US, European nations and. China for this period
Anyone remember it was supposed to have become 5 trillion economy by 2022? 😂😂
@@70newlife😂 world's richest country by 2030 .thanks to gold
You did not touch upon the main topic why INR loses value, the reason is voluntary devaluation of INR to boost export, this will not change atleast in next 25 years
Unlike china , India has a free flot currency, not administered pricing . It is not voluntary devaluation . The last one I remember was in 1992
1 year later rupee is 83 to the dollar.
Russia doesnt know what to do with the rupee for the oil they sold to India.
Extremely high taxes and procedures is reducing FDI and starting new factories.
Companies prefering smaller countries like Vietnam, to invest in as they are much wasier to work with.
Dear sir, is there indication of possible strengthening of Rupees suddenly in coming months? Then it would be ?
What is your best estimate for rupee appreciation in terms of years & percentage over what it is today which is 1$ to 81Rs. Thanks Bhat
If India is getting filthy rich in US$, what makes the govt charge 20% tax on all US$ transfers from June 2023 onwards? meaning that if resident Indians send to the U.S. or any other countries As per RBI's guidelines under the liberalized remittance scheme (LRS), a resident Indian could send up to $250,000 in a financial year, but now from June 2023 onwards everybody has to pay a tax of 20% if you choose to transfer. SAD
If you invest abroad directly or are planning a foreign tour, be ready to face a larger tax hit from 1 July 2023. The Budget proposes that any outward remittances for purposes other than medical treatment and education will incur a tax collected at source (TCS) of 20% on the entire value.Feb 6, 2023
You have wrongly understood taxation . It is not 20% tax , but preventive taxation called Tax Deducted At Source ( TCS) . In foreign countries it is known as witholding tax . You can file tax returns in India and claim back amount , if you are not liable to pay taxes
@@shammigujral2270dear sir ,nicely put, it's tds,not that tds amount will not be refunded, if you claim,it will return to you, only thing while sending you hv to pay 20% more amount, till it is refunded iafter retu submitted
I was resident in India and recently moved to UK due to opportunities,,, I have some equity stocks and mutual funds, should I have to hold or sell it ????
Can anyone please guide
Excellent insights! My 2-cents: Instead of shares, buy gold (jewelry, not bars) when you visit Bharat. That also is a good investment in India, and good returns for you. Do you agree?
Dr Bhat, thank you for your guidance, actually I feel Investment Banking is Nobel profession..since you are helping people secure their future...
FDI in 2023 has reduced to 70 billion from 85 billion. It's a bit too early to predict. It all depends on government policies in the next 5 years.
I understand that you have a positive outlook on the growth prospects of the Indian economy. You believe that with the support of Indian non-resident individuals, it's possible to boost the overall output of the Indian industry and acquire knowledge of international standards.
What is the price of 3 bedroom flat in mumbai berween bandra n santacruz west? I bought 3 falt in juhu facing sea o 13th floor 15 years back n still have it what inflation has done?
Indian roads are up to world class standards 🤣 . How much butter will you put on the bread
look up drone videos of expressways
Invest in India - only if the investment is ready !
Invest in equity ETF where you are control of buying/selling with a click of a button.
Don’t invest in real estate - under construction or “almost ready” don’t invest in commercial properties.
Courts do not come to your rescue.
Succession of assets is a stressful process. Banks are inefficient and customer service is horrible
Take it from a NRI who is in India and invested large sums!
There is a major issue of currency risk
Also, once funds become NRO or income in resident accounts it’s expensive to remit it back to your country of residence
On the dollar / rupee exchange loss for NRIs , if Indian exports go up don’t you think it will be in India’s interest to make sure that rupee doesn’t appreciate much ?
Watch out for the Reserve Bank of India, in fact the banking system in general. Leave your money in foreign bank accounts!
May be SVB , credit suiss, Lehman brotgers etc ..!!! In Cyprus etc !!!RBI hasnt done one wrong thing till now
@@NRIMoneyClinic then what about Yes Bank, Laxmi Vilas Bank, Allahabad bank
Between 2005-08 I moved $350k to invest in Hyderabad real estate. With current exchange rate, the investment fell to $170k. Due to encroaching and what not the properties are worth 1.6 cr or less than $80k.
So instead of empirical data , can you guarantee the rs will not devalue more than 5%?
Very good analysis why don’t you analyse on top 10 nse stocks for next 5 years
Ok, understood, if rupees becomes stronger then will it not be not competitive. Hence it's consequences..
fantastic sir. very detailed; I was gathering information for the past few months. What you said exactly matched perfectly into all the areas that I studies. thank so much for ur detailed review
Talking about macro economics. Good for big fish not equal distribution of wealth, resources,opportunity at bottom of pyramid. I have many NRI friends who invested in india. Lost majority money and returned back to USA. Big fish will only make money.
It will be possible in one fine day government would wake up and announce whatever you invested out of which 50% will go to the government as it was done during demolition. There is no fixed law in India that would be modified as per the convenience of the ruling party.
Spot on, to say the least. It would finally come to that. You can fool some of the people sometimes, you can also fool all the people sometimes, but you cannot fool some of the people all the time. 💵 💷
When did the Indian Govt. take away your money? If not then, all you are doing is spreading lies.
@@eshrana You are unfit to talk about poor people's hard earned money. Many people lost their money due to unethical practice.
@@eshrana taxes every year?
Are you referring to demonetization or something else ? Demonetization was done due to rampant counterfeiting of India paper money. Short term pain, but worth freeing from those false bills.
Can you make video for Indians who migrated to other countries and does not hold citizen ship of india… so they are not “NRI”s and where to invest. ?!
Dr Bhat you have been doing great job in educating NRIs or Residents on money matters. I have sent number of your videos. It is remarkable. I don't see any one else doing this in India. My hearty appreciation to you for this invaluable service. I need one clarification probably missed to catch in your videos. My daughter is an NRI I need to transfer some if my property to her. If she later disposed that van she repatriate the money to US?
India has to be very very careful in Vostro and Nostro accounts. The foreign banks can oversell Indian rupees and depleat the foreign currency.
Russians are now stuck with billions of rupees in vostro accounts and there is no way to liquidate as our exports are weak compared to imports.
So how will dedolarisation move forward
Hi I have some existing mutual funds ...Now I have recently gained NRI status ... opened NRE and NRO account ...How do I continue investing in my existing mutual funds through NRO account..where do I have to update my KYC
Latest inflation report for July and expected inflation report for August for India is higher than the U.S. right now and it doesn't maintain a set trajectory. It has been around 7% average for India for the last 2 decades hence, comparing inflation and saying inflation trajectory is better for INR is not right when doing it for only one set month where this might be the case.
Comparing growth prospects overall with countries is also another fallacy! While the broad spectrum of 'speculated growth' for any economy might be positive, if inflation eats up the major portion of the growth, that comparison is pretty useless. Secondly the analogy you're making - markets move because of overall economic growth - is a fallacy. It's the other way round. Growth in individual sectors lead to growth in the market and that leads to the overall economic growth.
At the end of the day, if you're living in India and earn in INR and invest in INR, then your statements hold some water but I would argue that for anyone earning in INR - investing in USD in a US brokerage would be a lot better long term (5-10 years+) not just from overall growth perspective but also from the USD-INR currency value pair along with inflation depreciating the earning potential of the Indian common man.