Are NRIs Returning To India? Really Happening?

It is already known that the NRI population in the United States has been very particular about their permanent residence in the country. This is largely due to the fact that the United States has far better living conditions and employment opportunities.

However, things have been taking interesting terms in the recent past, as the Donald Trump administration has been particularly hard against the immigration population.

Now there could be a reverse trend that could be growing as it is being established that several NRI who had been staying abroad could be returning to India now.

There are certain recommendations that are being made to the Indian authorities regarding the same in order to facilitate the process of bringing back the Indian talent to the country. On that note, we have the latest recommendation made by a leading chartered accountant and he has a strong point to make.

The Indian government should offer NRIs a five-year tax-free repatriation period and an additional five-year tax holiday for new businesses started by them in India to encourage them to return, the CA pointed out.

This is turn out to be a very interesting piece of information that is being exchanged as the Indian authorities are looking to facilitate the return of certain NRI, who are unable to bear the pressure there.

The situation is only going to get that much tougher in the days to follow as the Trump administration starts to go against the immigration population. Certain changes might need to be made by the Indian authorities in order to comply with the same.