India’s growing economic story continues to attract strong interest from Non-Resident Indians (NRIs), but investing directly in Indian markets can still involve hurdles around KYC, PINS routing, taxation and multiple bank and investment accounts.
Nikhil Advani, Managing Director and Head of International Business at LGT Wealth India, believes GIFT City AIFs could emerge as the next big investment destination for NRI capital, offering a more streamlined route to access India’s equities, private markets, real estate and infrastructure opportunities in foreign currency.