HSBC surveyed 1424 Indians living abroad to get an idea of their lives. The results suggest overseas Indians earn almost 80,00,000 INR annually. India’s per capita income is INR 1,12,835 according to official data.
The survey explores the lifestyle of expats revealing some interesting facts.
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“Indians overseas also seem preoccupied with property at home. A quarter own three or more somewhere in the world. With almost half moving to improve their earnings, the average income has risen 31 per cent and almost two-thirds spend it on homes in India,” the report reads.
The report says that half of the Indians living abroad buy property in India as they plan to live there when they go home.
Source: HSBS Expat Survey
47 per cent of Indians move to other countries to progress their careers. The top three destinations where Indians prefer to move are Europe (45 per cent), the Middle East (29 per cent) and the Far East (10 per cent).
64 per cent of the NRIs own property in India and 84 per cent are employed.
“With more than half (55 per cent) relying on friends and family for financial advice compared with 40 per cent of expats in general, the expat life for an Indian abroad often involves a tightknit group of people,” reads the report.
