80% Global Indians Investing In India, Says HSBC Report
Almost 80 per cent of global Indians surveyed are investing in India as against 85 per cent in their country of residence, and 56 per cent have increased their investment in India in the last three years, according to HSBC’s first annual Global Indian Pulse report. HSBC surveyed over 4,152 people across nine markets.
Global Indians refer to Indians living across the US, Canada, the UK, the UAE, Saudi Arabia, Hong Kong, Malaysia, Singapore and Australia. According to the report, property (46 per cent) and stocks and shares (47 per cent) are the most common asset classes.
Most global Indians investing in India expect to increase how much they invest. A third (32 per cent) of third-generation global Indians are planning to increase their investments in India “a great deal” in the next three years. Almost 45 per cent of global Indians are making their investments for friends and family.
Raghu Narula, head of wealth and personal banking, HSBC India, said, “It is widely acknowledged that global Indians make an enormous contribution to the prosperity of countries all around the world. Our report highlights the strength of their emotional and financial connections with India.”
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