Indian in Oversease (PIO's) a Great Source of Funding

 India has two opposite face, one where we live and the other is the Virtual one, with an estimated  Gross Domestic Product ( GDP) of US $ +320 billion a year, where about 20 to 25 million NRI's and PIO's live. Their soils are still in India and they are sensitively attached to India. If we can draw them and encourage them, they could be a excellent source of funding projects for India's growth plans.

 The Chinese have learnt the knack of wooing and running their NRC's who number about 45 to 50 million. In 2010 the NRC's invested about US$ 70 billion into China + Hong Kong + Macau.

India, in spite of its most excellent efforts, received only US$ 0.2 billion from NRI's last year. India imports nearly US$ 8 to 10 billion worth of Gold every year. This means that we have imported virtually US$ 96 to 120 billion worth of Gold, in the last 12 years, since 1991 post liberalization of the economy. We should try to find ways to 'funnel' this retail investment into more economical areas, to benefit the Nation going forward.

Sl	Statistics	The Real India	The Overseas India
1.	Who stays here?	People of India in 35 states	NRI's & PIO's in 5 continents
2.	Gross domestic Product	US$ 460 billion	about US$ 320 billion
3.	Per Capita Earning	US$ 460/year/person	about US$ 16,000/year/person
4.	Savings Per Year	US$ 100 billion**	about US$ 80 - 100 billion**
5.	INDIA's external debt	US$ 100 billion	N.A.
6.	Total FDI last Year (2002)	US$ 4.0 billion	N.A.
7.	FDI investment by NRI's	US$ 0.2 billion(in 2000)	N.A.
8.	Population	1060 million	20 - 25 millions