NRIs worth $1T
Non-resident Indians are worth $1 Trillion, says the Financial Express. In other words:
- The average NRI is worth $50,000.
- The total wealth of 20 million NRIs > India’s GDP ($850B).
- NRIs’ assets are not (yet) being managed out of India.
Bottom-line: An Indian Personal Wealth Management (PWM) industry has fantastic potential.
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