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Explain Non – Resident Indians in context to getting long term Financial Sources. |
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Answer» The persons of Indian origin who live in foreign countries are known as Non – Resident Indians. They are an important source of long term finance in India. Their important contribution in the area of finance is foreign currency, NRI accounts and NRI money accounts. The share of NRI deposits in foreign capital is more than 30% and it is increasing continuously. However, NRI source of finance is costlier. |
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