With only a few weeks left of the decisive 2024 general elections, CPI(ML) Liberation has launched a countrywide Jan Sankalp Abhiyan (Mass Pledge Campaign) with an appeal to “We, the People of India”.
Till recently, many NRIs retained their Indian citizenship. However, a combination of attractive citizenship policies in host countries and liberal outward remittance of foreign exchange have combined to increase the number of Indians taking up foreign citizenship
“In a lot of segments, we will see clear divergence into what would earlier have been thought as essential spending and more luxury and high-ticket spending. We are reorienting our portfolios based on some of these themes, which is part of a broader theme that we are playing with called WESCO.”
DLF’s Rajiv Singh and family topped the list of richest real estate developers with wealth of Rs 78,900 crore, followed by Mangal Prabhat Lodha and the family of Macrotech Developers with a wealth of Rs 52,800 crore.
The recently introduced Indian ODI (outward direct investment) regulations - which permit direct investments in international entities, subject to certain conditions - have acted as a catalyst for many wealthy Indian families to explore international investment opportunities, says Sunita Singh-Dalal, partner, private wealth & family offices at Hourani & Partners in the UAE.