An increased level of Foreign Direct Investment is one of the vital drivers of financial fertility of India. This is backed by the fact that according to the Ministry of Overseas Indian Affairs (MOIA), it is estimated that close to 25 million NRIs contribute to the Indian remittance pool. In majority of the instances these remittances act as a catalyst for the financial deficit the country faces at several points of time. There has been a finding that 4.5% of the domestic households receive a regular remittance for the maintenance of housing with states such as Kerala, Karnataka, Punjab, Andhra Pradesh etc. being frontrunners of the same. Since the cost of sending back money to India is quite lesser compared to other countries, there is a higher frequency of money transfer via multiple means.

Foreign remittance has brought about an Economic, social and financial revolution for India, making us a leading recipient in terms of getting Remittance. For this to happen, offshore Immigration consultants facilitate the process of Immigration for Indian immigrants, making it easier for them to take the huge leap of moving to another foreign location. It is the right direction, helpful advice and accurate documentation provided by expert visa consultants that ensure the eligibility of the immigrant when they apply for Permanent Residence in developed countries such as Canada, Australia, USA, UK, Hong Kong etc.

—The author is President, Abhinav Outsourcings Pvt. Ltd. He can be reached at ajay@abhinav.com