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Why NRIs want to return to India post retirement

Posted by ruksar on November 25, 2023

60% NRIs from US, Canada, Australia, Singapore wants to return to India Post-Retirement; here’s why;

The Indian economy has shown remarkable resilience in the wake of the global pandemic, and this has caught the attention of Non-Resident Indians (NRIs) living in these countries.

At least 60 per cent of non-resident Indians (NRIs) in the US, the UK, Canada, Australia, and Singapore are considering returning to India after retirement, a recent survey by SBNRI, a FinTech platform, showed. According to the survey, 37 percent of Canadian Non-Resident Indians (NRIs) are confident about spending their retirement years in their homeland. This sentiment is shared by 33 percent of NRIs residing in Australia, and 23 percent in the UK and the US. Factors influencing this decision include the cost of living, cultural familiarity, family and social ties, healthcare facilities, and investment prospects, all aligning with their long-term financial objectives.  Additionally, 35% of NRIs from the UK and 45% from Singapore are also making financial preparations and investments for the same purpose.

The survey added that India is an emerging global hub for startups with momentous manufacturing capabilities, financial services, and technology advancements. It is formulating a strong strategy to stabilise its economy. This has made a whopping 72% of NRIs believe that India has a stable investment avenue for its inhabitants as well as non-residents.

Here’s Why the NRIs wants to settle in India;



People went abroad in the lure of money and job opportunities. Over the last few years, India has emerged as one of the fastest growing economies in the world.

People have realized that India also has the same or even more opportunities for professional development and earning income. The number of job opportunities in Western countries is less. It is not easy to start a business in a foreign land as well.

Moreover, if you compare the various processes such as banking, taxation, technological development in daily lives, India ranks high.

Many people want to start a venture on their own. There is a lot of potential demand in India as it is a developing country where needs have to be met. The population is huge and diverse so the potential of a wide customer base is high. The allure of India for NRIs lies in the financial benefits it offers. NRIs can earn in foreign currencies and easily convert their income to invest and save in India.

Cost of Living & Quality of Life

India can offer a lower cost of living compared to many Western countries. This can be especially appealing for retirees who want to stretch their retirement savings further. The savings that they have made can provide them a better lifestyle in India.

India’s rapidly growing economy has led to improvements in infrastructure, healthcare, and quality of life in many urban areas. Some NRIs see the potential for a comfortable and fulfilling retirement in India.

India has made significant advancements in healthcare, and many retirees find the healthcare facilities in major cities to be of high quality and more affordable compared to Western countries.

Various Social and Economic Issues

Many countries are facing economic problems such as low growth, lack of job opportunities, and increasing income inequality.  In some countries, political and economic instability results in society closing doors on people of other nationalities.

There are many immigrant issues such as intolerance and violence that are increasing in different parts of the world.  In such conditions, NRIs feel it is best to go back to ‘apna desh’ where they will be welcomed & accepted.


Retirement Plans

Financial assets are a crucial component of NRIs’ long-term financial goals. The survey shows that 56% of US-based NRIs and 44% of Canadian NRIs have started investing in India to support their retirement plans.

Few NRIs are very clear that they would like to work abroad till they retire or they achieve financial freedom – after that, they want to return for good. Till the time they retire – most of their important goals like kids’ education & buying a house are taken care off.


The survey indicated India’s evolving financial landscape and more attractive investment opportunities reinforce its position as a promising retirement haven for its diaspora, especially from countries such as Australia, Singapore, the USA, the UK, and Canada.

NRIs may have invested in property or other assets in India during their working years. Returning to India allows them to manage and enjoy the returns on these investments.

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