Why Financial Planning?

Planning is bringing the future into the present so that you can do something about it NOW.

As per a report by the Ministry of External Affairs compiled in December 2018, the number of Indians abroad (NRIs, PIOs and Overseas Indians) around that time was over 30 million.

Indians go abroad for education, work or business. But most of them miss home and yearn for their country and its charm and uniqueness. Many of them want to come back to India at some point of time.

Why Do NRIs Want To Return To India

Checklist – NRI Moving Back to India

NRIs Want To Return To India… 

There are a myriad of reasons  –


People went abroad in the lure of money and job opportunities. Over the last few years, India has been developing nicely. Here is a comparison of the stock market returns –

Indices 5 Years Return (%) 10 Years Return (%)
Sensex – India 75.73 78.07
DOW Jones – United States of America 89.71 112.13
FTSE  – United Kingdom 26.2 31.12
HSI – Hong Kong 37.03 27.35

People have realised 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.

Read- NRI Investment Options in India

Social and Cultural Life

Most NRIs have grown up in India playing in the neighborhood and celebrating festivals with family and friends.

They have bonding with their extended families- aunts, uncles, and cousins. It is not the same abroad. Yes, in some cases, festivals are celebrated and the Indian community is active. But it takes a lot of planning and effort. In many places, the Indian diaspora is small and therefore NRIs do not get a chance to celebrate festivals such as Holi and Diwali.

Their children do not get opportunities to learn Indian music, dance etc. These NRIs feel their children will have a cultural disconnect with their home country and prefer to move back.

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.

Live Closer to Parents

A significant number of NRIs want to return to India to be with their parents. They want to spend time with their parents. Some of them return to offer physical support and care.

Others want their children to have quality time with their grandparents which is difficult to get when you are in India just during the annual holiday.

Giving Back To Their Motherland

Many NRIs have gone abroad when they were young or for their education. They have been successful and are well-off financially. They feel that they owe something to their country and want to give back to their motherland in terms of service and charity.

Many NRIs come back to India and set up non-profit ventures to tackle socio-economic issues. Others work with NGOs and charity institutions. They want to make a difference to the society and bring change in a positive manner.

Must Read – Planning for Retirement in India


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 savings that they have made can provide them a better lifestyle in India.

NRI Returning to India

As an NRI, it is not an easy decision to make especially if your life abroad is comfortable and your family is well-adjusted there. You need to think from different aspects – family, socio-cultural adjustments, financial status etc. before you make the decision.

Check – What will happen to NRE FD after return to India

From a financial aspect, remember to take care of the following things –

  • Evaluate Job Opportunities and Business Opportunities if you plan to work in India
  • Convert NRI bank accounts and demat accounts to resident bank accounts
  • Focus on your wealth, income and financial goals. Invest your money earned abroad smartly in a diversified portfolio.
  • Close the loop on the overseas assets and liabilities and ensure you have no tax liability abroad.

I will love to hear your plans of returning to India or staying abroad – please add in the comment section.

Why Do NRIs Want To Return To India
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Hemant Beniwal

Hemant Beniwal is a CERTIFIED FINANCIAL PLANNER and his Company Ark Primary Advisors Pvt Ltd is registered as an Investment Adviser with SEBI. Hemant is also a member of the Financial Planning Association, U.S.A and registered as a life planner with Kinder Institute of Life Planning, U.S.A. He started his Financial Planning Practice in 2009 & is among the first generation of financial planners in India. He also authored Bestseller book "Financial Life Planning". 

  • I know many NRIs who repent their decision of coming back within a month of landing.In last 20 years,There is a paradigm shift in the reason for which people leave India. It was earlier better income and education , and now its pretty much achievable in India . People look for a better system in which every single one matters.Most of my friends left India to raise their kids in a system in which things are justified and you can get justice if you raise your voice.Even though economy is booming ,social harmony is going worse, people are getting political for no reason, killing each other for supporting an ideology .

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