ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Which NRIs

NOT everyone evidently is alarmed or anxious over the country's worsening balance of payments. Quite a few see in the situation an opportunity to press the government for policy changes favourable to themselves. Among them is that section of people of Indian origin outside the country which has come to be known as non-resident Indians or, popularly, as NRJs. Organisations of NRIs have been busy sponsoring seminars and conferences to put forward their demands for further concessions and special treatment. These meetings apparently are taken quite seriously by the government and invariably senior ministers and officials have taken time off to attend them. A random scanning of newspapers of just the last fortnight discloses a seminar devoted to NRI participation specifically in agro-industries organised by an lndo-NRl Chamber of Commerce and Culture, another seminar organised by a NRI Investors' Forum based in Kuwait devoted to the problems of NRIs in the Gulf region which was said to have been attended by 250 NRI delegates and 150 Indian ones as well as a meeting of the Joint Business Committee of the Overseas Indians' Economic Forum and the FICCl. What is hard to come by, however, is precise information on the size of total invest- ment by NRIs in this country. Such bits and pieces of data as are available show such investment to be relatively paltry compared to either the inflows of remittances from ordinary Indian workers abroad or the accretions to the special foreign currency deposit accounts. What is more, recent indications seem actually to point to a slackening of interest among the NRIs in investing in this country

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