President of India urged NRIs to invest in India

  In the concluding day of three day 11th Pravasi Bharatiya Divas organized by Ministry of Overseas Indian Affairs at Kochi, Kerala, the President of India Shri Pranab Mukherjee highlighted the economic potentials of India and urged NRIs to invest. He said that India is the third largest economy in the world on the basis of Purchasing Power Parity basis. It too is the second fastest growing economy after China. He highlighted the contribution of Indian diaspora in economic and social development. Shri. Mukherjee mentioned about India’s response towards diaspora. India has set up a friendly regime to enable Indians abroad to remit money to the country. NRIs can deposit money in the country under the Non Resident External Rupee account scheme, Non Resident Ordinary Rupee account scheme and Foreign Currency Non Resident account Banks scheme. He said that these schemes have