On their part, remittances from the Indian diaspora have helped the local economy in some states which have a high number of emigrant families. However, when it comes to investing in the Indian economy, the NRI has not contributed as much as would be expected. This especially contrasts with the attitude of the Chinese immigrants, who have made substantial investments in their motherland. Among the major reasons cited by potential investors are the lack of transparency in decision making, corruption, and break in continuity when a government changes, especially at the state level. While these are valid concerns, the NRIs, too, need to make proactive efforts to contribute more to the Indian economy in a meaningful way by investing in the growth of Indian industry. Only then would they have, as the Americans say somewhat inelegantly, put their money where their mouth is.
0 comments:
Post a Comment