Budget 2010 offers goodies for NRIs
India's budget yet again demonstrates to NRIs that investing in
their homeland is probably the best option right now. The West is still
struggling to climb out of one of its deepest recessions and provides
low returns, while India's growth story promises healthy returns.
Surely, it's time to wake up and smell the Indian coffee.
Soon after the budget was read, the Indian stock exchange gave
it a thumbs up sign without delay as the market climbed up by a hefty
175 points. The return on Indian equities in the past year has been
calculated at 87.4 percent by The Times of India. If an NRI invested in
real estate stocks for the last year, the returns would be a whopping
139 percent!
The auto sector was not far behind as the returns on wheels was 184
percent. Again, consumer durables and the IT sector would have raked in
returns at 150 percent and 125 percent respectively. Now, where would
an NRI get his investment almost doubled in one year?
Source:- The Economic Times
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