The report provides top-level market analysis, information and insights, including: • A breakdown by country non-resident-Indian populations across the world • The current and future size of the wealth management market for non-resident Indian millionaires • Comprehensive analysis of the industry’s market attractiveness, covering key investment trends and drivers • Detailed analysis of the marketing and growth strategies adopted by financial institutions offering wealth management services to non-resident Indians • Detailed analysis of the challenges affecting the investments of non-resident Indians • Profiles of the major banks offering wealth management services to non-resident Indians
As of May 2012, the population of overseas Indians, including NRIs and PIOs, stood at around 21.9 million, with the population of NRI millionaires reaching approximately 180,000 in 2012. The value of inward NRI remittances increased from US$50 billion in 2008 to US$69.3 billion in 2012, registering a CAGR of 8.5% during the review period (2008–2012). India’s strong economic growth was the key driver for the increasing investment of wealth by overseas Indians in India. Although the NRI wealth management sector is currently dominated by foreign banks such as Citibank and HSBC, Indian banks such as ICICI, HDFC and SBI are gradually showing an increased interest in the market. Indian banks are also expanding their presence overseas in an attempt to take advantage of the growing NRI market. This increase in competition is expected to help serve the varying demands of the NRI population, and increase market penetration.
• This report provides an extensive analysis on the wealth management market for non-resident Indians • It details historical values for the wealth management market of non-resident Indian millionaires for 2008–2012, along with forecast figures for 2013–2017 • The report provides a detailed analysis on investment trends and drivers, marketing strategies, and challenges in wealth management market for non-resident Indians • The report profiles top wealth management providers across the world providing services to non-resident Indians
Reasons To Buy
• Take strategic business decisions using top-level historic and forecast market data related to wealth management market for non-resident Indians • Understand the growth drivers of the wealth management market for non-resident Indians, along with key market trends and growth opportunities • Assess the marketing and growth strategies adopted by the banks and other wealth management service providers for non-resident Indians • Assess the competitive dynamics in the wealth management market for non-resident Indians
• The US accounted for the largest proportion of NRI millionaires, followed by the UK, the UAE, Canada, Hong Kong, Singapore and Indonesia. • Gulf countries held the largest share (47.1%) in terms of sending remittances to India, followed by the US (15.6%). • India’s strong economic growth was the key driver for the increasing investment of wealth by overseas Indians in India. • The steady depreciation of the rupee against the US dollar is expected to encourage NRIs to invest in India.
Table Of Contents
2020 Foresight: Non-Resident Indians Table of Contents 1 Introduction 1.1 What is this report about? 1.2 Definitions 2 Executive Summary 3 Non-Resident Indians 3.1 NRI Population 3.2 Number of NRI Millionaires 3.2.1 NRI millionaires - wealth 3.2.2 NRI millionaires - demographic breakdown 3.2.3 NRI millionaires - industry breakdown 3.2.4 NRI billionaires - profile 3.3 NRI Wealth Portfolio 3.4 Remittances 4 Non-Resident Indian Investment Trends and Drivers 5 Investment Opportunities for Non-Resident Indians 6 Challenges Faced by the Indian Wealth Management Industry 7 Competitive Landscape 7.1 Overview of leading companies 7.2 Marketing and Expansion Strategies 8 About WealthInsight
List of Tables
Table 1: Geographical Spread of the Overseas Indian Population in Africa, May 2012 Table 2: Geographical Spread of the Overseas Indian Population in the Americas, May 2012 Table 3: Geographical Spread of the Overseas Indian Population in Asia-Pacific, May 2012 Table 4: Geographical Spread of the Overseas Indian Population in Europe, May 2012 Table 5: NRI Millionaires - Population by Country, 2012 Table 6: NRI Millionaires - Total Wealth (US$ Billion), 2013-2017 Table 7: NRI Millionaires - Wealth by Country (US$ Billion), 2012 Table 8: Top NRI Billionaires (US$ Billion), 2012 Table 9: FDI Inflows (US$ Billion), April 2000-March 2012 Table 10: FDI Inflows (US$ Billion), April 2000-March 2012 Table 11: Overseas Offices of Indian Banks Table 12: Deposits in Banks by NRIs (US$ Billion), 2008-2012 Table 13: Key Regulatory and Operational Challenges Faced by the Indian Wealth Industry Table 14: Wealth Management Industry - Main Companies Operating in India
List of Figures
Figure 1: Geographical Spread of the Overseas Indian Population, May 2012 Figure 2: NRI Millionaire Population by Country (%), 2012 Figure 3: NRI Millionaires - Total Wealth (US$ Billion), 2013-2017 Figure 4: NRI Millionaires - Wealth by Country (%), 2012 Figure 5: NRI Millionaires - Age Distribution, 2012 Figure 6: NRI Millionaires - Gender Distribution, 2012 Figure 7: NRI Millionaires - Sources of Wealth, 2012 Figure 8: NRI Millionaires - Distribution by Industry, 2012 Figure 9: NRI Investment Portfolio, 2012 Figure 10: Indian Remittances (US$ Billion), 2008-2012 Figure 11: Indian Remittances by Continent of Origin Figure 12: NRI Wealth Portfolio (US$ Billion), 2012 Figure 13: Investment Trends and Drivers Figure 14: Indian GDP Growth Rate (%), 2008-2017 Figure 15: Performance of the Indian Rupee Against the US Dollar Figure 16: NRI Bank Deposits (US$ Billion), 2008-2012
Barclays Wealth The Royal Bank of Scotland Citibank Kotak Mahindra Bank Mercer LLC Credit SuisseDBS Private Bank Standard Chartered Private Bank Deutsche Bank Private Wealth Management HDFC Bank ICICI Bank HSBC Private Bank