NRI stands for Non-Resident Indian, which refers to Indians living outside of India. NRI status is typically granted to individuals who have been residing in a foreign country for a certain period of time. NRIs can be of Indian origin or have acquired Indian nationality through marriage or other means.
NRIs may have financial, social, and cultural ties to India, but they reside and work in another country. They often maintain connections with their homeland through investments, property ownership, and visits to India.
NRIs play a significant role in India's economy, as they bring in foreign exchange through remittances and investments. They also contribute to various sectors of the Indian economy, including real estate, healthcare, and education.
The status of being an NRI comes with certain legal and financial implications, such as taxes, property ownership, and investment regulations. NRIs may have different rights and restrictions compared to resident Indians in these areas.
Overall, NRIs are an important demographic group that bridges the gap between India and the rest of the world, contributing to the global Indian diaspora.
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