2020 Foresight: Non-Resident Indians

Published: October 2013
No. of Pages: 74
   

Synopsis

The report provides top-level market analysis, information and insights, including:

  • A breakdown by country non-resident-Indian populations across the world
  • The current and future size of the wealth management market for non-resident Indian millionaires
  • Comprehensive analysis of the industry’s market attractiveness, covering key investment trends and drivers
  • Detailed analysis of the marketing and growth strategies adopted by financial institutions offering wealth management services to non-resident Indians
  • Detailed analysis of the challenges affecting the investments of non-resident Indians
    Profiles of the major banks offering wealth management services to non-resident Indians

Summary

As of May 2012, the population of overseas Indians, including NRIs and PIOs, stood at around 21.9 million, with the population of NRI millionaires reaching approximately 180,000 in 2012. The value of inward NRI remittances increased from US$50 billion in 2008 to US$69.3 billion in 2012, registering a CAGR of 8.5% during the review period (2008–2012). India’s strong economic growth was the key driver for the increasing investment of wealth by overseas Indians in India. Although the NRI wealth management sector is currently dominated by foreign banks such as Citibank and HSBC, Indian banks such as ICICI, HDFC and SBI are gradually showing an increased interest in the market. Indian banks are also expanding their presence overseas in an attempt to take advantage of the growing NRI market. This increase in competition is expected to help serve the varying demands of the NRI population, and increase market penetration.

Scope

  • This report provides an extensive analysis on the wealth management market for non-resident Indians
  • It details historical values for the wealth management market  of non-resident Indian millionaires for 2008–2012, along with forecast figures for 2013–2017
  • The report provides a detailed analysis on investment trends and drivers, marketing strategies, and challenges in wealth management market for non-resident Indians
  • The report profiles top wealth management providers across the world providing services to non-resident Indians

Reasons To Buy

  • Take strategic business decisions using top-level historic and forecast market data related to wealth management market for non-resident Indians
  • Understand the growth drivers of the wealth management market for non-resident Indians, along with key market trends and growth opportunities
  • Assess the marketing and growth strategies adopted by the banks and other wealth management service providers for non-resident Indians
  • Assess the competitive dynamics in the wealth management market for non-resident Indians

Key Highlights

  • The US accounted for the largest proportion of NRI millionaires, followed by the UK, the UAE, Canada, Hong Kong, Singapore and Indonesia.
  • Gulf countries held the largest share (47.1%) in terms of sending remittances to India, followed by the US (15.6%).
  • India’s strong economic growth was the key driver for the increasing investment of wealth by overseas Indians in India.
  • The steady depreciation of the rupee against the US dollar is expected to encourage NRIs to invest in India.

2020 Foresight: Non-Resident Indians

Table of Contents

1 Introduction
1.1 What is this report about?
1.2 Definitions

2 Executive Summary

3 Non-Resident Indians
3.1 NRI Population
3.2 Number of NRI Millionaires
3.2.1 NRI millionaires – wealth
3.2.2 NRI millionaires – demographic breakdown
3.2.3 NRI millionaires – industry breakdown
3.2.4 NRI billionaires – profile
3.3 NRI Wealth Portfolio
3.4 Remittances

4 Non-Resident Indian Investment Trends and Drivers

5 Investment Opportunities for Non-Resident Indians

6 Challenges Faced by the Indian Wealth Management Industry

7 Competitive Landscape
7.1 Overview of leading companies
7.2 Marketing and Expansion Strategies

8 About WealthInsight

List of Tables

Table 1: Geographical Spread of the Overseas Indian Population in Africa, May 2012
Table 2: Geographical Spread of the Overseas Indian Population in the Americas, May 2012
Table 3: Geographical Spread of the Overseas Indian Population in Asia-Pacific, May 2012
Table 4: Geographical Spread of the Overseas Indian Population in Europe, May 2012
Table 5: NRI Millionaires – Population by Country, 2012
Table 6: NRI Millionaires – Total Wealth (US$ Billion), 2013–2017
Table 7: NRI Millionaires – Wealth by Country (US$ Billion), 2012
Table 8: Top NRI Billionaires (US$ Billion), 2012
Table 9: FDI Inflows (US$ Billion), April 2000–March 2012
Table 10: FDI Inflows (US$ Billion), April 2000–March 2012
Table 11: Overseas Offices of Indian Banks
Table 12: Deposits in Banks by NRIs (US$ Billion), 2008–2012
Table 13: Key Regulatory and Operational Challenges Faced by the Indian Wealth Industry
Table 14: Wealth Management Industry – Main Companies Operating in India

List of Figures

Figure 1: Geographical Spread of the Overseas Indian Population, May 2012
Figure 2: NRI Millionaire Population by Country (%), 2012
Figure 3: NRI Millionaires – Total Wealth (US$ Billion), 2013–2017
Figure 4: NRI Millionaires – Wealth by Country (%), 2012
Figure 5: NRI Millionaires – Age Distribution, 2012
Figure 6: NRI Millionaires – Gender Distribution, 2012
Figure 7: NRI Millionaires – Sources of Wealth, 2012
Figure 8: NRI Millionaires – Distribution by Industry, 2012
Figure 9: NRI Investment Portfolio, 2012
Figure 10: Indian Remittances (US$ Billion), 2008–2012
Figure 11: Indian Remittances by Continent of Origin
Figure 12: NRI Wealth Portfolio (US$ Billion), 2012
Figure 13: Investment Trends and Drivers
Figure 14: Indian GDP Growth Rate (%), 2008–2017
Figure 15: Performance of the Indian Rupee Against the US Dollar
Figure 16: NRI Bank Deposits (US$ Billion), 2008–2012

Published By: WealthInsight
Product Code: WealthInsight739


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