Going by the Foreign Exchange Management Act (FEMA) 1999, Non-Resident Indian (NRI) is a person who is residing outside India but is either a citizen of India or is a Person of Indian Origin (PIO). Indians putting up in overseas find tremendous scope for investment in India as the country is rapidly growing. They have always been allured to put in their money in the Indian markets. NRIs can make investments in India through bank deposits, real estate as well as
