Non-Gulf Nris Play Bigger Role, Says Hsbc Official

The non-resident Indians (NRIs) settled in the Gulf traditionally get the credit for sending in foreign exchange remittances to India. But the NRIs based in other parts of the world play a bigger role. They help in pushing FII and FDI flows into the country, says K B Chandrasekar, head of strategy and planning for the HSBC Group (Asia Pacific).