The results of a survey conducted by a private lender HSBC suggest that 61 per cent of NRIs are planning to live in India in the future.
Sixty-one per cent of NRIs are planning to live in India in the future while 39 per cent say they would like to live in India but retire in their country of residence, a recent survey has concluded.
The HSBC survey based on 4,152 respondents of Indian origin across generations living in different countries concluded that most Indian diaspora members are keen to invest in India. Still, they would prefer to retire to their country of origin for a better quality of life.
According to the survey, Eighty per cent of the respondents are investing in India, with 59 per cent are likely to increase their investments.
Though overseas Indians have reduced their investments in Indian in the past three years, the survey said it was primarily due to the COVID-19 pandemic.
According to the survey results, the biggest motivation for investing in India is family and friends, followed by a wish to bring a positive change to their homeland.
Seventy-one per cent of the respondents said they would like to retire in the country of their residence. When asked about reasons for settling abroad post-retirement, 47 per cent of respondents chose the quality of life. Safety, health care coverage and economic security were other reasons.
Only four per cent of the respondents said they had never visited India.