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Report Dated March 26, 2017 6:51 PM
India received a whopping $235 billion in remittances in the last three-and-a-half years, as per government data.
In 2013-14, India received $69.64 billion in remittances, while the figure in 2014-15 was $69.82 billion and $65.60 billion in 2015-16.
The volume of remittances in the first six months of the current fiscal was $30.43 billion.
The figure of overseas Indians is 3.08 crores spread over 208 countries.
Indians in the U S are estimated at 44.6 lakh which includes 12.80 lakh NRIs and 31.80 lakh Persons of Indian Origin.
A total of 1.65 lakh Indian students were studying in the US in 2015-16 while a total of 18,320 Indian students were enrolled in educational institutions in the UK in 2014-15.
Report Dated February 23, 2017 6:08 PM
India is among the top five countries globally which saw the maximum number of millionaire outflows with as many as 6,000 ultra-rich people shifting overseas in 2016, 50% more than the previous year.
According to a report by New World Wealth, around 6,000 uber-rich Indians have changed their domicile in 2016, while in 2015 as many as 4,000 millionaires had shifted base.
The total wealth held in the country amounts to USD 6.2 trillion (as of December 2016) and the country is home to 264,000 millionaires and 95 billionaires in total.
Millionaires or High Net Worth Individuals (HNWIs) refer to individuals with net assets of USD 1 million or more.
Report Dated November 16, 2016 12:34 PM
The Indian student population grew the fastest in US colleges, rising by 25% in 2015-16. Last year these students contributed $5 billion to the American economy.
Students from the top three countries China, India, and Saudi Arabia now represent about 53% of all international students.
Open Doors 2016 reports that about 75% of all international students receive the majority of their funds from sources outside the US, including personal and family sources as well as assistance from their home country governments or universities.
Overall 43% of students who went to the US during the 2015-16 academic year were women.
California hosted nearly 1.5 lakh international students in 2015-16 making it their top destination. New York is the second leading host state, and New York City is the leading host metropolitan area.
Report Dated June 15, 2016 3:12 PM
According to the EU’s statistical bureau some 35,000 Indians acquired citizenship of a member state of the European Union in 2014.
The bureau said 63.6 percent opted for British citizenship, 14.2 percent for Italian and 8.3 percent for Irish.
The number of Pakistanis that acquired EU citizenship in 2014 was 25,100, with Britain leading as the chosen destination ahead of Italy and Spain. The largest number of citizens of an EU member state in 2014 was Morocco, followed by Albania, Turkey and India.
Report Dated May 8, 2016 2:33 PM
A report by wealth consultancy Wealthinsight says the number of NRIs with millionaire status last year was 2.36 lakh, with an average wealth of over $3.83 million.
The total NRI population was pegged at around 28 million. The US accounted for the largest proportion of NRI millionaires with 133,564 or 56,5 percent share, followed by the UK with a.7 percent share. Other countries with a significant number of NRI millionaires include the UAE, Canada, Hong Kong, Singapore, Indonesia and Japan.
The total wealth of NRI millionaires was estimated at some $915 billion in 2015 and is expected to reach $1.4 trillion by 2019.
The inward NRI remittances were $72.17 billion in 2015 and besides family needs, remittances are most often used for investments in stocks, term deposits, and land and property.
According to the report, the key sectors in which NRIs are expected to increase investment in India include realty and healthcare.