India’s diaspora steers clear amidst economic turmoil


MUMBAI/NEW YORK: The patriotism of wealthy overseas Indians has helped the country avert economic crises in the past, and it is little surprise that embattled policymakers are again turning to them to plug a record trade gap that is battering the rupee.

This time, though, big investors among the more than 25 million overseas Indian community – the world's second-largest diaspora – are staying away as the economic outlook darkens and political instability looms ahead of national elections.

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India , economy , diaspora , investment , rupee

   

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