I don’t live in India at the moment.
However, since I plan to move back to India soon, I checked with my broker (Charles Schwab) and they said Indian’s can open and/or keep active their accounts if they live in India.
Only thing that would change is, I will have to pay the capital gains tax as per Indian rules.
I am sure any Indian can open an account with Charles Schwab.
INR depreciates against the USD always (since our independence) so I have no doubt that INR will always depreciate against the USD. That itself provides a 4-5% gain every year (not each year but on a CAGR basis).
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