Flyopedia.ca keeps the NRIs of Canada updated about everything that associates them in the world. Along with the last minute flight to India from Canada, we give you the latest updates about the authority announcements and amendments. However, the NRIs struggle sometimes to maintain their civilized duties and relations back home. In case you do not know, there is a day only for the NRIs in India. On January 9 every year, Indians celebrate the Pravasi Bharatiya Divas (PBD) in the country. Pravasi translates to the Indian who lives in another country. This is also known as the NRI Day. This day honors the contributions of Non-Resident Indians (NRIs).
Let’s move forward and have a closer look at this day. We will try to understand what this day holds for the NRIs and Indian citizens as well. Later, we will discuss the latest announcement that will be a turning point for the NRIs. To begin with, you must know some important classifications of NRIs. In this context, the people of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) around the world are classified. The day also has historic significance. The day also remembers Mahatma Gandhi, when he returned to India from South Africa. This incident was recorded in 1915. This was indeed a moment that sparked India’s freedom struggle.
India’s diaspora is believed to be the largest in the world. It holds a strong value with over 35 million NRIs and PIOs. Ultimately, every year, over 2.5 million Indians move abroad. These individuals play a crucial role in supporting their families. Moreover, they are key assets to the country’s economy. In 2024, India received a record $129.1 billion in remittances. Meanwhile, it is the highest ever for any country. Moreover, NRIs are also cultural ambassadors for India. They are in a way constantly helping to connect India with the world.
Meanwhile, the Indian Diaspora is a global force. NRIs of Canada can hop on the chance to get great deals while visiting their loved ones back home. Moreover, they can also save on booking cheapest business class flights to India from Canada.
Indian government this year offers schemes for NRIs. These initiatives focus on making financial processes simpler. Moreover, it improves investment opportunities. They will also be offering better tax services to NRIs.
Authorities say that from January 6 to January 12, 2025, NRIs can access personalized tax advice. This service will be extended at no cost. Normally, the prices can be up to ₹3000. However, this consultation will help NRIs understand complex tax issues.
There will be several investment opportunities for the NRIs in 2025-
NRO (Non-Resident Ordinary) Accounts: To manage income earned in India, like rent or pensions.
NRE (Non-Resident External) Accounts: Helping manage the foreign income in India. Along with offering tax benefits.
FCNR (Foreign Currency Non-Resident) helps NRIs save in foreign currency.
Additionally, more factors like Mutual Funds, Stocks, and Bonds can help to invest in India’s stock market. Moreover, it will be good for government bonds and financial growth.
Recently, NRI deposits in India have grown impressively. In 2024, NRI deposits reached $162.7 billion. This was a sign of marking a 13.4% year-on-year increase.
Pravasi Bharatiya Divas/NRI Day 2025 is more than just a celebration. However, this year marks a milestone in opening new doors to consumers. Likewise, Flyopedia also offers cheap flight tickets from Toronto to Mumbai for a better aviation experience. It shows the hike and the growing relationship between India and its global citizens.
Also Read: NRI Handbook: Everything You Need To Know
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