Sid Paruthi
11 years 9 months ago
In order to attract funds from NRIs, the Indian banking system has to do more than just offer higher interest rates on FDs/CDs. come up with schemes where people can be part of the growth for the country i.e. infra structure bonds and other bonds which are attractive.
Another big area is REAL ESTATE, coz of black money, NRIs dont see any point in investing in India coz when it is time to sell, the buyer will pay partly in Black Money, which cannot be remitted back. Need to stop this FULLY
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