Race for Diaspora Dollars Pumps Up India's Bond Market The past few years have seen a significant surge in the Indian bond market, driven largely by an influx of dollars from diaspora investors.
This influx has not only brought much needed capital into the country but also highlighted the growing role of non resident Indians (NRIs) in shaping India's financial landscape.
The NRI community is estimated to be around 30 million strong, with a significant presence in countries like the United States, the United Kingdom, and the Gulf Cooperation Council (GCC) region.