5 Reasons to invest in India:

1. Indian Economic Reforms started in 1991 have been continual and irreversible. The reforms have gathered momentum with every new Government in the Center.
2. With UPA Government in the Center, there is renewed focus on Agriculture and Infrastructure. This will bring major grassroot development in the economy and hence strengthening it further.
3. With Return on FDI higher than China and lot of MNCs shifting base from China, India is likely to be the darling for FDI investments.
4. The GLOBAL boom in outsourcing, and India climbing up the value chain, the speed at which outsourcing is adding value is neck breaking. The new vistas where in India is emerging as a winner is PHARMA, AUTOMOBILE Engineering, TEXTILES, and Finance.
5. Indian capital markets are deep and well regulated. The Bombay Stock Exchange is the second largest exchnge in the world in terms of number of companies listed. Also, Indian companies are setting excellent examples of Corporate Governance.

Opportunities of Investment:

NRIs are allowed to invest in Shares, Mutual Funds and Insurance. NRIs can invest on Repatriable / Non Repatriable basis. For investment enquiries, please drop a line to sameer@sakshamgroup.com or call Sameer Rastogi at +91-98 911 98 999. General information is provided below.

FAQs

Non-Resident Indian (under FEMA rules)
An Indian Citizen who stays abroad for employment/ carrying on business or vocation outside India or stays abroad under circumstances, indicating an intention for an uncertain duration of stay abroad is a non-resident. (Persons posted in UN organisations and officials deputed abroad by Central / State Governments and Public Sector Undertakings on temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian origin are treated on par with non-resident Indian citizens (NRI) for the purpose of certain facilities.

Person of Indian Origin
Foreign citizen (other than a citizen of Pakistan or Bangladesh) is deemed to be Indian origin, if, he, at any time held an Indian passport, or he or either of his parents or any of his grand parents was citizen of India by virtue of the Constitution of India or Citizen-ship Act 1955 (57 of 1955)

Note:- A spouse (not being a citizen of Pakistan or Bangladesh) of an Indian citizen or of a person of Indian origin as mentioned above is also treated as a person of Indian origin

Non resident under income tax act
Resident and Non-Resident status for income tax purpose depends on your period of stay in India. The duration is counted for each financial year 1st April to 31 March (known as previous year under Income tax Act,)

Basic condition for a Resident {Section 6(1)} is
» Stay in India for 182 days or more during previous year OR
» Stay in India for 60 day or more during previous year and 365 days or more during the 4-year prior to the previous year.
» If an individual does not satisfy the above Basic Condition is Non Resident Indian

Facilities to Non Resident Indian
Government of India and Reserve Bank of India has allowed various investment and other facilities to Non-resident Indian and persons of Indian origin. These investments are permitted on repatriation and non-repatriation basis. In some industries even 100% investment has been allowed to them. There are income tax exemptions on their NRE/FCNR bank deposits.

Repatriation of current income
General permission has been granted to authorized dealers to remit current income like rent, pension, interest and dividend of non-resident Indians.

Maintenance of RFC a/c
Non resident Indians and Persons of India origin have been allowed to maintain foreign currency accounts on permanent settlement in India

RESIDENT FOREIGN CURRENCY ACCOUNT (RFC A/C)
A Non Resident Indian returning to India may continue to maintain his foreign currency account even after permanent settlement in India. RBI has given a general permission to maintain such account which is called as Returning Foreign Currency account.

This account can be opened as follows:
» Fixed Deposit
» Savings Bank
» Current Account

This account can be opened through the following funds:
» Fresh inward remittances through proper banking channel
» Out of balance of existing NRE/FCNR account
» Balance of account held abroad
» Foreign currency brought by returning Indian
» The amount of this account is repatriable.
» RFC account can be maintained in any permissible foreign currency.
» The account can be opened only by Returning Indians
» The account protects the customer from exchange fluctuations
» The account can be opened in joint names provided both are returning Indians
» The income received from the overseas assests can be credited to this account
» The pension received from abroad can be credited to this account
» The balance of the account can be transferred to NRE/FCNR on becoming NRI
» The balance of this account can be used by Returning Indian for his/their bona-fide use
» Nomination facility is allowed in this account