What is the Budget impact on NRIs? IIFL Sec’s Anand Khanvilkar answers
“From a Budget perspective, why the government has not made any changes is because the remittances have been substantial as domestic growth is very strong in India in multiple sectors and profitability across corporates is good. There has also been transparency and ease of access to banks and capital markets, having a dedicated scheme of NRI segments catering to the requirements.”
