NRIs residing in USA

 

NRIs staying in USA 🇺🇸:- Most of the NRIs settled in America 🇺🇸 are devotees of Prabhu Shri Krishna and Shri Jaganath and 75 per cent of NRIs staying in USA consider a return to India as part of their retirement plans and to become a permanent devotee of lord Shri Jaganath and Shri Krishna. They want to return to India after retirement basically for two important reasons firstly for financial benefits and secondly to become devotees of Prabhu Shri Jaganath and Prabhu Shri Krishna . First let’s discuss about the so called financial benefits:- The financial benefits ,India provides to its NRIs are quite significant as it allows them to earn in foreign currencies and convert their income to invest and save in India 🇮🇳. India continues to make itself a financially stable nation for its citizens and non-residents. 40 %of NRIs in USA have also started making financial preparations to support this decision. The Indian economy demonstrates great resilience across sectors, especially after the pandemic. The country continues to make itself financially stable for its citizens and non-residents. Against this backdrop, the majority of people who packed their bags to move abroad to accomplish their dreams are considering settling down in India after retirement. The financial benefits India provides to its NRIs are quite significant as it allows them to earn in foreign currencies and convert their income to invest and save in India. In a recent survey, SBNRI—an NRI-focused fintech platform unveiled—at least 60 per cent of NRIs from Australia, Canada, the USA, the UK, and Singapore are considering returning to India as part of their retirement plans. The SBNRI platform surveyed 100 NRIs. Though retirement planning is off the radar for many people in their 30s and 40s, NRIs have set a robust financial plan well in advance. The SBNRI survey reveals that 80 per cent of NRIs based in Australia and Singapore, 70 per cent from the UK and 75 per cent from the USA consider returning to India as part of their retirement plans, followed by 63 per cent of Canadian NRIs. India is an emerging global start-up hub with momentous manufacturing capabilities, financial services and technology advancements. It is formulating a strong strategy to stabilise its economy. This has made a whopping 72 per cent of NRIs believe that India has a stable investment avenue for its inhabitants as well as non-residents. This gives an ample opportunity to NRIs to diversify their investments, ultimately affecting their decision to return to their native land post-retirement. Mudit Vijayvergiya of SBNRI said, “India is making a strong rebound with digitised and stable economic activities emerging in the market. This makes India hold a promising future for investors. The country is also making it easy for NRIs to understand complex taxation systems and certain norms that make India a high return market for NRI investors to utilize as their retirement plans.” According to the SBNRI survey, 37 per cent of Canadian NRIs, followed by 33 per cent of NRIs based in Australia and 23 per cent in the UK and the US, are confident of spending their golden years in their home country. To some extent, cost of living, cultural familiarity, family and social connections, healthcare facilities and investment opportunities are attributed to their decision, aligning with their long-term financial goals. Financial assets are substantial to the holistic and long-term financial goals of NRIs. The SBNRI survey findings also reveal a whopping 56 per cent of the US, followed by 44 per cent of the Canada-based NRIs, have started investing in India to support their decision to return to India post-retirement. Additionally, 35 per cent of NRIs from the UK and 45 per cent from Singapore have also started making financial preparations and investments to support this decision. The survey indicates India’s evolving financial landscape and more attractive investment opportunities reinforce its position as a promising retirement heaven for its diaspora, especially from countries such as Australia, Singapore, the USA, the UK, and Canada. Many NRIs who participated in the survey are bullish about the India growth story and have started their retirement planning within the country. As regards the spiritualism, according to the NRIs residing in America 🇺🇸 :-Indians have developed various thoughts of philosophy and spiritualism and gave to the world maximum number of systems of spiritualism in the form of philosophical thoughts such as Nyaya, Vaisheshika, Yoga and Vedanta. The Vedas provide spiritual orientation to the Indians giving them the basics of spiritual and moral life. Hence, the Vedic rishis should be acclaimed as the earliest spiritual masters on earth as their mantras resound with the kernel of spiritualism, and the Indian nation as the cradle of spiritualism. In India, spiritualism is not an obsession of the human mind, rather, it is a heritage as well as a continuous tradition. For, right from the Vedic times, India has enjoyed a rich spiritual tradition. The Indian scriptures also throughout covering a gamut of every human emotion and aspiration have made a sublime contribution to Indian spiritualism. Due to which, India has always attained reverent place in the world. The evolution of Indian spiritualism can be traced back to the vedic age, which was spiritually coded and the same spirit was further nurtured by great spiritual thinkers . Most Indians tend to have strong religious affiliations. Traditionally, medicine and religion are inseparable, and religious priests are considered to be healers of body and soul. Ayurveda, an Indian system of traditional medicine, makes use of herbal medicines and prayers to heal the person as a whole. The practice of medicine is considered a sacred activity in which God is the ultimate authority on knowledge about life and death. According to American 🇺🇸 it is mentioned in Gita that there is nothing that pleases Krishna more than preaching His glories and practicing the facilities that help preach His glories. So the essence of renunciation is without ego or desire for personal aggrandisement or pleasures, to chant the holy names, to serve the Vaisnavas and to perform austerities for the sake of uplifting other people’s consciousness. That is true renunciation, and this sustains the devotees of the Lord and it also is the most pleasing devotion that appeals to Krishna. Many Americans are devotees of lord Shri Krishna. Since the heart ❤️ of lord Shri Krishna is preserved in the navikendra of lord Shri Jaganath, all most all Americans Hindus are also devotees of Prabhu Shri Jaganath. Hence many NRIs are interested to stay in India after retirement to worship lord Shri Krishna and Prabhu Shri Jaganath. ( Lokanath Mishra- Katy, Houston, USA 🇺🇸)