NRI: Non-Resident Indian
A NRIa person who is an Indian citizen but has migrated to another country.
Reasons behind his migration may be work, education, residence or any other purpose. NRI is also termed as overseas Indian or expatriate Indian. NRI holds Indian passport and temporary migrated. The Indian staff of U.N.O. and officials deputed abroad by Central or State Government are treated as Non-Resident Indian. NRI also represents the persons who are an Indian origin but born outside India.
According to the ministry of Overseas Indian Affairs, India has the second largest NRIs in all over the world after China.
Categories of NRIs
These are the three main categories of NRIs:
- Indian citizens who stay abroad for education, employment, to carry a business, or for vacation.
- Indian citizens who work abroad in foreign Government agencies like IMF ( International Monetary Fund), UNO (United Nations Organizations), World Bank etc.
- Officials of Central or State Government and Public Sector undertaking working abroad.
These are some common reasons for becoming an NRI:
- Higher education outside India.
- Job and Employment.
- Tour, Travel and Vacation.
- Medical Reasons.
- Went for training.
- For business purpose.