savvy_v

NRIs Population worldwide

• Germany has 35,000 NRIs
• Switzerland has 13500 NRIs
• Austria: There are around 12,000 NRIs, mostly Keralites

NRIs in USA:

• The US Census Bureau has pegged the average Indian American family annual income at $60,000 as against the national average of $38,885. It is estimated that annual buying power of Indian Americans stands at $25 billion.
• Today, NRIs are the second largest Asian group (2,226,585) in the US, behind only the Chinese (2,762,524). Source: 2003 American Community Survey
• Indians own 50% of all economy lodges and 35% of all hotels in the US, which have a combined market value of almost $40 billion.
• One in every nine Indians in the US is a millionaire, comprising 10% of US millionaires. Source: 2003 Merrill Lynch SA Market Study
• A University of California, Berkeley, study reported that one-third of the engineers in Silicon Valley are of Indian descent, while 7% of valley hi-tech firms are led by Indian CEOs. Source: Silicon India Readership Survey
• Indians along with other Asians, have the highest educational qualifications of all ethnic groups in the US. Almost 67% of all Indians have a bachelor’s or high degree (compared to 28% nationally). Almost 40% of all Indians have a master’s, doctorate or other professional degree, which is five times the national average. Source: The Indian American Centre for Political Awareness.

NRIs in UK:

• There are 1,051,800 people of Indian origin in the UK.
• The Indian emigrant community in the United Kingdom is now in its third generation. Nor NRIs have been remarkably successful and moved from their being bus-conductors, waiters, and small shopkeepers to their being doctors, lawyers, accountants and successful businesspeople.
• Indian food is now regarded as part of the British cuisine.
• A remarkable collection of the oral history of the British NRIs is available on Britain's leading NRI website History Talking.com. It's a web radio where you can listen to some of the leading NRIs living in the UK.
• Indian culture has been constantly referenced within wider British culture, at first as an "exotic" influence in films like My Beautiful Laundrette, but now increasingly as a familiar feature in films like Bend It Like Beckham.

NRIs in Malaysia

• NRI minority ethnic group, making up 7% of the Malaysian population.
• Most Indians migrated to Malaysia as plantation laborers under British rule-most of these are Tamil but some Malayalam- and Telugu
• 80% of ethnic Indians in Malaysia identify as Hindus. Deepavali and Thaipusam are the main festivals.

NRIs in Middle East:

NRI population in Middle East:
Saudi Arabia 1,400,000 , United Arab Emirates 1,200,000 , Kuwait 500,000. Oman 350,000
Qatar 175,000 , Bahrain 140,000 , Yemen 100,000 , Jordan 4,100

• Most of the people from Kerala and other south Indian states moved to the Gulf after the oil boom to work as labourers and for clerical jobs.They do not normally become citizens, retain their Indian passports and treated as second class citizens
• Indians still like to work in the Gulf is because of the tax-free income and minority are either employed in the highest echelons of major banks and corporations or have prospered greatly through conducting business in the region.
• Because of a lack of labour laws Indian workers are forced to work long hours outside in desert conditions, for low wages. Most of these single male Manual workers come from poor families in India

NRIs in Africa

South Africa 1,200,000 , Mauritius 800,000 , Reunion 250,000 , Kenya 70,000 , Uganda 60,000
Tanzania 50,000 , Madagascar 30,000 , Mozambique 21,000 , Zambia 20,000 , Zimbabwe 20,000

• Most Asians in South Africa came as labourers who were brought by the British from India in the 19th century, mostly to work in what is now the province of KwaZulu-Natal (KZN)\
• Others came as Indian traders from the Gujarat who migrated to South Africa at around the same time
• Mahatma Gandhi worked as a lawyer in the city in the early 1900

NRIs in Canada

• There are about 800,000 NRIs in the Canada. Out of this population, 42% are Hindu, 39% are Sikh, and the remainder are Muslim, Christian, Jain and Buddhist. Punjabis accounted for more than half of population
• More than 70% live in Toronto and Vancouver. The majority of Vancouver Indians are of Sikh Punjabi origin

NRI population in the world.

• Middle East
  • Saudi Arabia 1,400,000
  • United Arab Emirates 1,200,000
  • Kuwait 500,000
  • Oman 350,000
  • Qatar 175,000
  • Bahrain 140,000
  • Yemen 100,000
  • Jordan 4,100
• Asia
  • Hong Kong S.A.R. 35,000
  • Malaysia 2,300,000
  • Singapore 400,000
  • Philippines 125,000
• South America
  • Guyana 326,782
  • Suriname 162,113
  • Trinidad 473,735
• Africa
  • South Africa 1,200,000
  • Mauritius 800,000
  • Reunion 250,000
  • Kenya 70,000
  • Uganda 60,000
  • Tanzania 50,000
  • Madagascar 30,000
  • Mozambique 21,000
  • Zambia 20,000
  • Zimbabwe 20,000
• Europe
  • United Kingdom 1,500,000
  • Netherlands 300,000
  • France 70,000
• North America
  • United States 2,500,000
  • Canada 800,000
• Fiji 350,000
• Australia 150,000
• New Zealand 70,000

msp1976

It is more like ' So many people ran away because they could not find opportunities because of deeply entrenched feudal culture' A fraction of these would ever invest in India. In fact existing industries want to invest in other countries..

McLordGanj

Those NRI who had invested in Indian RE have already exited with some profiit or loss. In such a terrible state of Indian RE, the NRI are not even thinking of investing. Many builders have had road shows at singapore, dubai etc, but NRI are absolutely not showing any interest in indian real estate at such an artificially inflated price.

Although the prices have started falling in the last couple of months all over India, but NRI are not interested as they feel that prices are way above the affordable limit of Indians and are therefore artificial.

khbarilal

They ran away because,
· They couldn’t afford the houses in India.
· They couldn’t bear the bureaucracy.
· They were weak to handle the crime levels.
· They were worried that only handful corrupt people steal rest of the countries money.
· They were worried that only 3% people pays tax & rest enjoy it free.
· Yes, we elect dacoits(Phoolan) & Eunch(hijra) as people representative.

savvy_v

Deal All,

This Thread is not to hurt all INDIANS working in INDIA,and to praise NRI's abroad,but a debate to remove false beliefs of Indians in INDIA.

NRIs contribution to India's economy
ADVICE FOR THOSE WHO POST WITH EMOTIONS AND WITHOUT KNOWLEDGE. THIS MIGHT BE AN EYE OPENER FOR THEM.
RESTS can ignore it

1] India’s FDI has witnessed a startling surge. As compared with $16.5 billion over the whole of the 1990s at an annual average of $2.2-3.2 billion, the FDI for 2005-06 was pegged at $5.5 billion.
2] In 2006-07, it touched $11.19 billion and for 2007, by Oct-2007, it was at $15.7 billion and climbing.
3] It is downright stupendous when your current year investment (2007) is as much as the whole investments in the last decade pre-millennium(1990s).

In another seemingly unrelated yet relevant news, Western Union, a global provider of cross-border money-transfer services, proudly opened its 50,000th agent location in India on January 14 this year.

Sure, how does 200% of FDI sound? There is no typo there.

• The remittances were in the excess of $26.9 billion for 2006-2007.
• Now contrast $29+ billion with India’s 2006-07 defence budget as the fourth largest military on the planet: $20 billion.

By the time you have collected your jaw from the floor to retort about the urban-rural disparity in the flow, let me tell you that Western Union’s 50,000 agent locations in India span across 5,000 cities, towns and villages.
This includes more than 8,500 post offices and more than 14,000 branches of leading banks. That’s clearly not just your major metros?
And it gets even better, $30 billion is more like $90 billion!

“If the World Bank is correct, every dollar remitted contributes 3 dollars to the GDP growth—which means that NRIs are contributing almost $90 billion to the growth of India’s rural economy…”
— Shekhar Kapoor, the noted film maker, who pursues as much of his dreams overseas as in India.

• Per above, the NRI funds seem to disseminate better into the rural areas than many a fancied FDI.
• The common-man -being-left-out card doesn’t hold water either.
• Yes, the IT boom and the ‘going abroad’ becoming a commonplace has created an economic imbalance.
• But the same has also led to the vast upwardly bludgeoning middle class that has a better quality of life.

Even UNP must have been getting equal or more hits from abroad then from India
I think this suffice u.
I think instead of 28 Millions , 60 millions shud be sent ABROAD to work to boost more economy of INDIA....At least people wont die of Hunger, WATER, etc etc etc etc...
savvy_v

savvy_v

MSP.
RAN AWAY....
People just cross borders to have Jobs...
Its as simple as that...
Only thing they earn money in $ & invest...
They wont RAN away...
plz read this ...
NRI-The forgotten Hero


NRI-The forgotten Hero

cheers
savvy_v

veeemkay

It is just the NRI population. Not necessary that all of them will be investing in India.

kk83710

I believe only 5-10% of NRIs plan to settle in the countries they work. at least 90% of them come back with their earnings at some point of time. So you can't deny the fact that NRIs have been contributing a lot to the development.

savvy_v

VEEEMKAY
Very True.

1. But the NRI was a never ending source of precious foreign exchange, ready to park his excess funds in Indian Banks which offered higher interest and security which was too enticing, than what the banks in their country of work offered.
2. The NRI money helped the government then to shore up its foreign reserves thereby reducing its dependence on foreign institutions such as the World Bank for loans.
3. They do invest at one or other form of business.

savvy_v

veeemkay

Agreed with this. Actually my mistake i narrow mindedly thought we are considering direct RE investment only.

VK