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Indian Diaspora's Investments in GIFT City Funds Cross $7 Billion
Financial Express Bengaluru
|March 05, 2025
INVESTMENTS BY THE Indian diaspora in GIFT City-based funds have crossed ₹7 billion, a top official from the International Financial Services Centres Authority said on Tuesday.
Over ₹129 billion were remitted by the non-resident Indians (NRIs) and people of Indian origin to the homeland in 2024, and it is fair to assume that they have investments of similar quantum in the global markets, chairman of the financial regulator K Rajaraman said.
"As of now, about 5,000 NRIs have invested about nearly a billion and a half... in various banking products. They have also invested close to ₹7 billion in the fund ecosystem," he said at an event organised by the Institute of Internal Auditors here.
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