MADHU GOPINATH RAO writes from New York City: If you write about India or Indian matters, and happen to be based outside India, it comes as no surprise to see a couple of “Why don’t you come back to India first…” or a “What do you know of the rural reality?” taunts pop up in the comments. Many of these come from the web 2.0 crowd that has embraced the IT boom and blogging, and are themselves an integral part of it.
We have come to accept, embrace and revere the beacons of India’s web 2.0 : the N.R. Narayana Murthys and Azim Premjis, who, as czars of Nasdaq and NYSE listed conglomerates, made their riches in dollars and pounds among a bunch of other currencies. The NRNs and Premjis are national heroes while your typical Non-Resident Indian (NRI) is a deserter who is pursuing his dreams outside the subcontinent.
Quite a few of these IT giants/heroes, rightfully praised for their entrepreneurship, have shied away from doing domestic IT business as the profits are shallow and it does not make business sense. On the other hand, a garden-variety NRI gets a jeer for the foreign association.
Why the different yardsticks?
Since the rupee-to-dollar conversion provides a 40x multiplication factor, a dollar saved is 40 rupees saved; hardly anything you did not already know. The factor is similarly attractive in some other foreign currencies as well. This has been a strong reason for Indian nationals, and companies alike, being interested in overseas markets—yours sincerely included.
I offer no other altruistic, untrue reason that intends to side-swipe this gospel truth. None is needed in my opinion, for it is not a crime to pursue your dream while being rooted deeply with the mother ship. Far from jeering, NRI baiters may have a reason to thank me and my ilk.
If you think this is another bored to death NRI spinning a tale, no, I’m not about to spin a tale, I sit on my tail thank you.
***
Get this:
India’s Foreign Direct Investment in 2007: $16 billion
NRI remittances: $29 billion, translating to $90 billion
India’s FDI has witnessed a startling surge. As compared with $16.5 billion over the whole of the 1990s at an annual average of $2.2-3.2 billion, the FDI for 2005-06 was pegged at $5.5 billion. In 2006-07, it touched $11.19 billion and for 2007, by Oct-2007, it was at $15.7 billion and climbing. It is downright stupendous when your current year investment (2007) is as much as the whole investments in the last decade pre-millennium(1990s).
In another seemingly unrelated yet relevant news, Western Union, a global provider of cross-border money-transfer services, proudly opened its 50,000th agent location in India on January 14 this year.
According to the Reserve Bank of India, India is one of the largest receivers of foreign remittances. How much is it anyway? And shall we compare that with the FDI that we are so proud of?
Sure, how does 200% of FDI sound? There is no typo there. The remittances were in the excess of $26.9 billion for 2006-2007. Now contrast $29+ billion with India’s 2006-07 defence budget as the fourth largest military on the planet: $20 billion.
By the time you have collected your jaw from the floor to retort about the urban-rural disparity in the flow, let me tell you that Western Union’s 50,000 agent locations in India span across 5,000 cities, towns and villages. This includes more than 8,500 post offices and more than 14,000 branches of leading banks. That’s clearly not just your major metros?
And it gets even better, $30 billion is more like $90 billion!
“If the World Bank is correct, every dollar remitted contributes 3 dollars to the GDP growth—which means that NRIs are contributing almost $90 billion to the growth of India’s rural economy…”
— Shekhar Kapoor, the noted film maker, who pursues as much of his dreams overseas as in India.
Per above, the NRI funds seem to disseminate better into the rural areas than many a fancied FDI. The common-man -being-left-out card doesn’t hold water either. Yes, the IT boom and the ‘going abroad’ becoming a commonplace has created an economic imbalance. But the same has also led to the vast upwardly mobile bludgeoning middle class that has a better quality of life.
Per above the myth that this boom has not helped the poor, is well, a myth at best. The McKinsey group‘s detailed study takes a realistic note of the ground realities, the above included. Excerpts:
“Contrary to popular perceptions, rural India has benefited from this growth: extreme rural poverty has declined from 94 per cent in 1985 to 61 per cent in 2005, and we project that it will drop to 26 per cent by 2025.”
“The Indian middle class has already begun to evolve, and by 2025 it will dominate the cities. By then about three-quarters of India’s urbanites will be part of the middle class, compared with just more than one-tenth today.”
***
I have great respect for people who are driven enough to pursue their ambition, and go where it takes them. Likewise, I have profound respect for people who are grounded enough to seek those dreams from their home soil. The former vs the latter is more often than not a matter of circumstance with a million other influences.
To say one is in any way better or noble compared to the other is myopic and naive. In times when the world is getting flattened and global sourcing is an accepted norm, we need to get past denial and onto acceptance.
When was the last time you picked up something that did not have a foreign collaboration slapped to it?
From the Colgate that starts the mornings, to the Suzukis-Chevrolets-Volvos that ply you to software parks that cater to a largely foreign customer base, via the HP-IBM-Dell desktops running Microsoft’s Windows, to the Pepsis-Cokes to the Lay’s chips to the iPods, you are more of a global citizen today than ever before.
It is no secret that, given a sliver of chance, very many of these critics and jeerers would only be too happy to pack their suitcases and line up at the embassies.
That notwithstanding, if ‘Foreign Direct Investment’ and ‘Non Resident Indian’ investments are key to India’s growth, and NRIs, apart from re-investing in India do influence the FDI flow as well, we ought to treat them better—$90 billion is no chump change, and a similar phenomenon is not happening in China that is oft compared to India, and China has a bigger expat population.
***
NRIs have a very strong sense of bonding with the mother ship and this helps India.
If the remittances cannot make a believer out of you, just look at any popular site’s sitemeter. The diaspora that checks in is not all domestic traffic. Nostalgia, a sense of belonging or longing, sardarji jokes, Rakhi Sawant or Deve Gowda, all of the above that gets them there, is pure Indian. From the Bollywood movies to the temples-mosques galore, the Indian diaspora has kept in touch with the Indian culture, despite being away and in their own way.
The above is just my view point. I’m sure there are interesting, constrasting thoughts on both sides of the sea.
Let’s hear them.
@ MGR, after reading the long and winding essay , I hereby proclaim that you are entitled to talk about
1. HDG and sons
2. Yeddi and Parivar
3. Literacy rate in K’taka
4. Bangalore traffic
thats it …you will be appraised for more topics at the end of year :)
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Wow, and all he could talk about was how much they are sending home. Earlier it used to be about how much better they were better than the locals.
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@Mysore Maga,
Or Earlier–why the hell are you here? and now why the hell are you there? Are you my feudal lord
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@Mysore Maga,
Saying someone is more of an Indian than the other–local or NRI, irrespective of the current residence is what the article questions. Everything equal, two people holding Indian citizenship, one local to India and the other on an assignment in Canada, should be equal. One is no hero & the other is no deserter.
@Vinay,
Agree it is a lengthy piece. On the list :thanks for the mercy–you are very generous :-). And, don’t insult me Vinay ! MGR ? MGRao please…, kidding..
@Narayana,
You are looking the wrong way. Look skyward for Lords ; no human should be another’s lord, even in pun. Like I said, it’s no tale. You are talking to facts..
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“It is no secret that, given a sliver of chance, very many of these critics and jeerers would only be too happy to pack their suitcases and line up at the embassies.”- How myopic can you get?!!! This is called bidru meese mannagalilla or is it hoosidavalu yaaru andre maasida seereyavalu anda haage?
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Should have been titled:
How some NRIs crib about desis cribbing about them.
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Hope this isnt another post meant to shame us into being ‘outraged’…
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I am with the ‘Animal-Eyed-One’ on this issue. Super comment!
MGR thanks for a great column.
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‘X’ Guy,
I think you are milking ‘Outrageous’ now:)
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MGRao,
You have written an interesting article suggesting that NRI remittances have helped Indian in much the same way as FDI, perhaps in greater measure. But you have not answered why these remittances are made in the first place. It is because the NRI community finds India an attractive destination to park their surplus funds. The interest differential between the US, for example, and India is one reason why we see dollars flowing in. This inflow is steadily rising despite our growing trade deficits. I am not grudging this – in fact it is good to see our people sending money back to India, rather than invest it elsewhere. But the point is that this decision is a pragmatic one and not just emotional.
Then why different yardsticks? Well the answer could be as obvious as because you are not living here. It is like asking a mother why she loves the child that stays with her more than the child that stays away from her. Homegrown heroes (entrepreneurs included) are more visible – we know NRN and Premji – we hardly know NRN’s co-brother who stays in the US and is a big businessman in his own right.
I dont think NRIs are deserters – most of them are keenly watching India – some of them have even comeback. Obviously they become more visible now and manage to get more respectability. I think this phenomenon is universal – homegrown heroes are more famous than people who are successful outside.
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@Mrignayani, myopic ? Talk to the statistics. US H1B quota gets filled in a day and gets oversubscribed 3 times over in 2 days after open (they had to clamp it shut due to the massive application influx). It’s the same for any other country’s guest worker programs and leading the way are Infosyses, Wipro et all.
Your gaadhes made me chuckle and I can resort with a kallana manassu hulhulge , but will let that pass. You can live in a fool’s paradise with your head buried in the sand like an ostrich or come to terms with reality. I choose the latter.
@Anonymous Guy, You are not cribbing when you make a case with facts. Outrage if any is fed by your personal perceptions. All I’m saying is “Everything equal, two people holding an Indian citizenship, one local to India and the other on an assignment abroad, should be equal. One is no hero & the other is no deserter ” — stress on the “equality” part. Since when did equality start eliciting outrage ? unless ofcourse you consider yourself more than equal ?
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@Mrignayani
It is neither but ‘naan maadidhrey jolly, neen maadidhrey jaalra’
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@Vishal,
Thanks for the being the sole voice of reason. I had hoped to hear from either side and this is the first sane discussion on the issue.
On the interest arbitrage, I agree with you in parts. The CD/FD rates 5 years ago did provide the gain you are talking of and made it a profitable proposition ; but not any longer. The sliding NRI/NRE rates in the last 3-4 years have made it less competitive vs. say the short term FD rates in the US, which at 5.x vs. 4.x for NRx accounts, are not attractive. But you do bring up a valid point, the arbitrage is still very helpful in say real estate where the gains are very impressive and is a core area of investment. Not to mention the 40X factor.
Having said the above, very many of the funds sent back to India are not investment oriented. It is to help the families back home. This inturn helps lift the standard of living and pumps the money into the local economy. So there is a big emotional-moral-family bond angle to it.
“don’t think NRIs are deserters ” – Agree. About Deshpande vs. NRN we are missing a key point here ; Desh is an American-Indian and not an NRI, he is a PIO at best. About “…she loves the child that stays with her more than the child that stays away..”. I’m sure it’s not the case Vishal. You would be hard pressed to find a mother who would say she likes one of her kids more. Also, if the one not in front of her eyes has been the reason for their family’s upliftment from throes of debt to a respectable upper middle class, would she say she likes the NRI son more ? Me thinks NO in either of cases. But I do agree on your “home grown heroes” notion about us as a nation(or any other for that matter) ..
Thanks for your response ..
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churumuri, can you please moderate my comments @Mrignayani, my cache still had me as Athreya and maybe pending..
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Its interesting to see how some NRI neither assimilate into their new home nor want to give up their perception of superiority over ‘desis’.
And then defend themselves against non-existent (or self-created) divisions (NRI vs. Desi, homegrown hero vs. phorengrown one).
All this talk of investing back in India – the investments became big only after investing in India started giving great returns. I am talking about NRIs based in the US not say in the Gulf (who have invested all their earnings in India from way before – maybe since they knew they will be forced to come back one day). Many FIIs invest in India due to the potential for growth they see here – does that make their great or heroic?
Unlike the Chinese or the Jews, if their investment in the Indian markets or real estate start doing badly – quite a few ‘heroic’ NRIs in the US will be the first ones to withdraw their investments and bolt.
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I think it is worth noting (from various reports) that the NRI remittances cannot be treated as one homogeneous entity. Just for the record, US based remittances are about 8-9 billion followed closely by Saudi Arabia and other Gulf countries. Over 70% of the remittances are for family purposes. Of the states that get remittances, AP tops the list followed by Maharashtra.
@AG – So remittances just for investment purposes seem to be a relatively smaller chunk and quite a bit of it could be channelised thru family members which means it would not be pulled out all of a sudden.
@MGRao -I do not feel at least in the states that benefit the most, NRIs are looked upon as deserters. In fact at least among the family members the reverse may be true. How often have we heard “Nan maga NYyalliddane” or some such expression. In fact the more exotic the destination the more pride for the family members. So by and large there is no different yardstick.
I feel in most cases where there is something said against NRIs, it is when the country’s systems are criticised by them or people are lectured about some shortcoming. As a people we are touchy about many things, our faults notwithstanding, hence such reactions. As more states benefit from remittances, even this feeling would reduce.
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@AG, Cut and paste from above as you do not seem to read thru. Hope repetition helps .. :-)
Faldo,
Thanks for the additional details on the NRI funds – appreciate it. The 70% for family was an eye opener, I knew it was high, did not think it was that high. Fortunately another sane discussion with facts & not flayed emotions. I agree with you on the family’s reverse mentality and pride with a — “Nan maga NYyalliddane”. So true and underlines my disagreement with Vishal about moms.
Your explanation of ” …where there is something said against NRIs, it is when the country’s systems…” is probably the first thing that DOES explain the reasons and, like you say, hope it does recede with increased influx of funds..
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Madhu,
isthondhu ‘Color’ful agi, ishthu dodda article galu baredre, nannantha bakra galu, odhi artha madkolodhu hege? :)
I tend to agree with Vishal above, in that the FDI in India is a function of the growth prospects of those investments. Also what part of the FDI received is from NRIs? This is an important question to ask because, as you very well might know, the BRIC fad in the US has been on the rise. Yesthu hedge fund galu, India nalli invest madive, thru VCs and any other channels?
Jai Karnataka maathe!
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@MGR – Yes the 70% seemed high when I read it too but I guess remittances for family could fall under a lot of categories. On another note, though I do not have hard statistics, I believe a good proportion of the remittances could be from NRIs planning to return to the home country in a few years time. This would include NRIs from the middle east and NRIs on work visas in other countries. So all the more reason for them not to feel left out or for others to see the NRIs as outsiders.
My own observation is that often when NRIs expect the same speed and efficiency of work in their home country that they see in other places, they are snubbed with a “Ello kutkondu maathadthane” or “bandhbitta eno saadhisodakke”. A little give and take on either side could go a long way.
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@KK, Illa swamy neevu sabhyavage vichara vimarshe maadtirodrinda, neevu ondu taraha ‘Kasa’ anni :-). But if you prefer bakra, I can call you that :-) . Kidding..
On a serious note KK, I agree with the both of you and ‘more’. FDI investments are tied to good growth prospects and so are a portion of NRI funds — which in the form I have considered, is just remittances. NRI investments via FDIs and not via your typical Western Unions and it’s ilk are not inclusive in my aggregates.
Agree on the BRIC fad, working where I do, it’s a lot of BRIC bats :-)
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@MGR,
I didnt read through – because it doesnt exist!
Must be in Churumuri’s moderation queue and so your cache… Yella Web 2.0 mahime :)
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And about the outrage – I was referring to your fellow-NRI’s post from Oakland, California:
‘When did a Rs 10 crore bribe stop shocking us?’
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@Faldo,
“NRIs expect the same speed and efficiency of work in their home country that they see in other places…A little give and take on either side could go a long way” — Couldn’t agree more.
@AG,
I know, I saw that and used it for copy paste and now it’s gone ! I did ‘not’ see it in the morning, hence my request to churumuri above. Then an hour ago i saw and I responded to you and now it’s gone. Sorry…
churumuri mahime illa Web 2.0 mahime :-)
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I don’t feel the need to defend to anybody any of my actions as long as I am not harming anyone. My living and working anywhere in the world is simply a function of my career prospects. The things I miss about being in India I can readily get wherever I am. If I miss it too much, I visit India. If I cannot stand being away any more, I will move back.
Discussions such as this to me are pointless.
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Ree MGR, nEEvu thumbaa bore kanree…. yaavudO highschool debate thara vithanda vaada maadteeraa.
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NRIs are traitors! They have left their motherland for their selfish needs. When things don’t work out for them in the foreign country, they come back home shamelessly. Nevertheless, they don’t quit talking bad about their motherland.
I understand the need for short business/tourism visits but any Indian who intends to stay permanently away from India should be declared a traitor and never be allowed back to the nation.
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NRIs are simply street smart than the village bumpkins like us left behind. I do not see any generosity on their part. Most consider return on investment which could be something other than money, before remitting to family coffers.
The cotton farmers today are growing the variety unsuitable for Indian conditions that is leading to their suicides. It works like government reservation policy where sole requirement criteria is Caste considerations. The American cotton can be processed by machines. The best textile engineers trained here are counting Dollars instead of developing machinery for suitable for Native cotton.
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The role of NRIs in development of India has been marginalised. And more so is there role to pump dollars when Indian government needed it the most (i.e. Resurgent India Bonds).
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Exponential growth of Indian Middle class (along with CHina’s) is THE most important economic story in last 200 plus years of world economic history. NRIs do contribute significantly in that, as they primarily come from Indian Middle class.
Unlike previous generation, this middle class is not ready to discard their ‘values’, ‘customs’, ‘way of life’. This is root cause of conflict between elite Indian (English) media filled with people who were tourists in the West unlike present generation of NRIs.
Many a times, NRIs are villified by India’s ‘psuedo’ media, because NRI overwhelmingly oppose “intellectual colonialism’ as manifested in a large section of elite Indians who are in power today.
Guess what, who cares what these intelelctually colonized Indians think. India is rising, as is Indian Middle class. And they do NOT need any tutulege of these victims of victims of mental colonialism.
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@Mrignayani, bore parvagilla ree, neevu yake tale mele gudda bidda hage serious aagirtiri ? :-)
Jokes apart, it’s relevant, at least in my opinion. I understand some not being interested, but it is pretty fascinating ; fascinating enough for Shekar Kapur to blog on it …
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@Indian Citizen, wake up. Rather than not allowing, banks-govt alike are rolling out red carpets. It’s symbiosis.
You take up a job in Delhi, things don’t work out and you come back, what are you then ? Monnina maga ?
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Me thinks your original title to the post would have been more appropriate than this rather provocative one.
If i may give another perspective, the taunts that have triggered your post are not to jeer your foreign association or belittle the contributions of the NRI community, but an expression of frustration that emerges from ‘solutions’/ ‘advice’/ ‘commentary’ that are offered from those who are distanced from the day-to-day affairs of the state/ nation, enjoying the very facilities/ experiences that they observe as lacking in their homeland. This is naturally perceived as being hands-off, – equivalent to ‘Easy for you to say, you are not in my shoes’.
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Knee jerk responses apart, I will relate what an NRI friend trying to secure dual citizenship told me recently. Bribing is all too common when trying to get your dual citizenship application to move and by all accounts most of these NRIs are not averse to greasing palms. Ram Guha pointed out in his Outllook article recently, NRIs are no longer able to impress Indians in India due to better standards of living here.
Kerala economy is almost entirely based on foreign remittances – it’a very pleasant experience travelling the country side and admiring all the tastefully built homes there. But it doesn’t generate any jobs. As all Indians know Mallus can’t find jobs in their own states. Remittances count for nothing in terms of meaningful growth.
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I am not the serious type, you are the one who took objection to being called MGR. Frankly you have a very baavi kappe attitude to the entire issue. Mysore Maga’s last sentence should shut up anyone trying desparately to take some mileage out this. And you are REALLY desparate to mention (with pride) about ” fascinating enough for Shekar Kapur to blog on it …” Are you looking for any more endorsements? Good luck.
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Mysore>>Ram Guha pointed out in his Outllook article recently, NRIs are no longer able to impress Indians in India due to better standards of living here
Ram Guha himself is a NRI- Non-Resident Intellectual, as the categories, criterias he uses in his polemic on India is NOT BASED ON INDIA, BUT OUTSIDE INDIA.
Today’s India is different. Neither Indians, or NRIs – understand what he writes, thinks. Because he is so out of place.
When someone refers to Ayodhya as a Real-Estate dispute, as he did in his article in NYT, we can understand his degree of intelelctual colonization.
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@Smita, churumuri is the uber provocateur and the title swap was his doing. I cannot claim credit for that :-).
Just to clarify, the jeers are not from churumuri site alone. It’s a commomplace in many desi related sites. I do understand your perspective. But don’t you think it is retrogressive to base your reaction on who gives the suggestion than the merit of the suggestion ? In many a sites, as long as an India based author is doling out, it’s fair game ; the very same, repeated verbatim by an NRI evokes negative vibes. That’s my point .
@Mysore Maga,
I’ll have to respectfully disagree. When you have money to spare and spend, the spend boosts the economy. The houses did not get built by themselves ? Once built the houses need electricity, water, medical, grocery stores etc ? Road get built where none existed ? If these houses get used as resorts / rentable units, they generate income as well?
To combat potential US recession, the US government is slated to dole out tax relief of $600-$1200+ . The plan is to put this money in people’s hands to spend, and the spend,hopefully, will kick start the economy and get it out of the slump..
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Mr.Chatterjee, interesting perspective ..
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“…As all Indians know Mallus can’t find jobs in their own states. Remittances count for nothing in terms of meaningful growth…”
—– Malayalis for several generations now have chosen to find jobs outside their state…nation rather. I dont think it is a case of ‘CAN’T’ but one of ‘DON’T WANT TO’ because they once found more lucrative options outside – most notably in the middle east – now more of a cultural thing than driven purely by economic considerations.
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I take strong objection to ” The houses did not get built by themselves ? Once built the houses need electricity, water, medical, grocery stores etc ? Road get built where none existed ? If these houses get used as resorts / rentable units, they generate income as well? “. This implies that foreign remittances are responsible for all houses, electricity, water, medical, grocery, resorts, rentals etc. Not all families have NRIs “to put money in their hands”. Take this as a joke if you want to prove you don’t have a gudda on your head.
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@MGRao – this is a very well researched article! I remember being shocked a couple of years ago when I came to know that the inward remittances far exceeds the total turnover of all IT companies. On the whole, what you say is absolutely right – irrespective of an NRIs views, people tend to prejudge (even I am guilty of this at times) and say – You dont stay here, so how can you comment. I do agree that this is quite bad. But this is also true in a lot of aspects – if a Kannadiga curses bangalore, it is considered alright, but if you have migrated and lived here, then the moment you say something, ppl pounce on you! So I guess, this is a general trend :-)
Aside – you might find this article interesting – http://saliltripathi.com/articles/8Feb02LitInd2Citizen.html
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Pingback: Impact of Remittances | DesiPundit
Pingback: கில்லி - Gilli » Blog Archive » How NRIs help India while desis crib about them
@Satya, Thanks for the comment, What you opined vis-a-vis the non localites is so ‘sathya’. I’m sure very many of us are guilty of that when Bangalore is criticized. With regard to that, my view is that both the localites as well as the non-locals should do more …
http://currentcaveats.blogspot.com/2008/01/bangalore-byte-ing-dust-part2.html
@Mrignayani,
It’s good to see that you have got the better of your boredom over the article and stuck around :-) — Thanks.
My statements were in response to MM’s comment above he had framed his comments already in an NRI invested countryside locale. NRI or no NRI, my point was : when there is development, a macro economy sprouts, creating jobs — hence the houses did not get built by themselves ; irrespective of the funding …
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@Desipundit, Thanks for the cross post — appreciate it..
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I dont think Indians envy NRI’s anymore. In fact, those who go to Dubai these days are the objects of pity (you mean you couldnt strike it in India ?). Most NRIs are in less capable and less intellectual jobs anyways, very few are rocket scientists.
Most Indians dont care anymore about whether someone is a NRI or not. The quality of life in India is as good (probably better) than distant Alabama. Yes there are still infrastructure problems, bad governance etc. But there is also youth, optimism, the confidence of a country that is witnessing a high growth period.
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Sir, I cannot undeerstand the title at all.NRIs basically help themselves.Indira Nooyi,Sunitha williams,Kalpana chawla are basically americans of indian origin. the real NRIs who slog and send money home are those unamed workers slogging in the deserts of gulf without protection of local Indian embassy.There was this furore about the virginia tech professor who was killed by a madman. His parents have not even visited their son who didnot get them even passport.It is the tamilnadu taxpayer who footed the bill for their aged parents to visit USA. Why? It would not have happenned if the dead fellow has been a Gulf worker or Malysian worker?
Even during the Kargil war our finance Minister sinha visited rich NRis of america who asked him to give extra 1% (compared to indians)to them to park their funds in India.that says all about their patriotism.
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Just forgot to mention. The problem Chidambaram is facing is the controlling the inflow of dollars. Bernanke is printing dollars left and right, day and night. All those remittances in $ is only giving the Indian FM sleepless nights
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Pingback: Global Voices Online » India: NRIs and Remittances
@Kannan,
Flayed emotions speaking sir. Before I respond with a statistical fact(US visas), let me re-iterate what I mention in the article :
So I do not agree with your be-littling Dubai bound seekers — bad attitude. On ‘India is growing’ – amen to that.
Food for thought : US H1B visas get oversubscribed 3 times over in a ‘day and a half’ of it’s opening causing a clamp down….
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@Captain Johann, flayed emotions again. To say non gulf NRIs do not send money is untrue. I’m sure you will find statistics to the contrary if you google.
“NRIs basically help themselves” — Don’t we all ? In helping themselves and their families back home, NRIs generate additional money that is there to spend which would not have been the case(in many caswes) otherwise. This boosts the economy and indirectly adds to the growth of India.
I do not know of the details of the FM-NRI interaction you mention(please post the URL if you have it). But the fact that the FM approached a bunch of businessmen NRIs does make this more of a business decision, hence FDI kinds than the NRI remittances we are talking of ?
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@MGRao – I must say this blog has become a Clog (C for comments) with you personally replying to everyone’s comments. :) No offence meant. It only enlivens the discussion.
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I think there’s a difference between savings and investment that needs to be considered when you compare FDI and Remittances. Remittances – as has been pointed out somewhere in the comments has more to do with parking surplus – for sure, a lot of this money enters real estate investment etc, however, FDI contributes by being directed into investment pools. While remittances do earn interest, and increase capital flows, the returns from remittances are not likely to be efficient. Similarly, capital – like any other factor is influenced by economies of scale. Remittances do result in better infrastructure in some villages etc as NRIs mark some amount of funds for development – but my guess is that bulk of remittances don’t go into that category.
This is NOT to say that remittances aren’t important. Of course they are, and probably play a huge role in increasing purchasing power of these households, but the returns from FDI and remittances are entirely different. It is a little futile to compare numbers, and hold one as more important than the other. What perhaps would make a difference, is if one could analyze the efficiency of these funds.
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Saar nodi,
NRI peepul thinking about only 2 things – either India, or their homecountry ( USA,UK, Canada etc. ).
Say one USA NRI has 100,000$.
He will say,should I buy CD in USA or India ?
USA CD is giving 4.5% , India 9.5%.
Ok so India.
He is not thinking rationally.
Why not look at China CD, Indonesia CD, South Africa CD, Ajerbaijan CD etc etc ? There are some 120+ countries with good rates for 1 year CD.
Yet NRI only looking at India or USA – why ?
NRI peepul must think about whole world.
eg. In fact I am USA NRI from Karnataka – I made 55% returns last year. How ? I invested in Pakistan! See, you should always explore new new investment destination. As long as you are remitting electronically & withdrawing electronically, why you are restricting to only USA or India ? Put you money to work in whichever country gives good rate.
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@Faldo, None taken. If any, I had hoped for a lively discussion per my article’s ending and am happy we had one — one person’s opinion is never adequate.
About me responding: I have believed that it is necessary to clarify and append to one’s views (articles are mere reflections of views) per the discussion. That’s the beauty of web 2.0 — instant gratification, your hear comments about your thoughts instantaneously.
A small suggestion unless it’s an already a set acronym. Clogs seem to remind me of blocked pipes ! Co-Blogs maybe? :-) . People are constantly adding to it …
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This post, to me, is like “somehow knew it to be so, but never had the facts to prove it”. Thank you for this post—makes me feel less guilty about being away from home.
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@MGRao – I just used it for lack (of my knowledge) of a suitable word. It sounded catchy and if I may say so apt- clogged with comments!
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@MGRao. Shame on people like you. Forget about running away to another nation, I haven’t even left my birth town. I am contented with my progress here and happy to live with my family and parents.
I am not guilty like those NRIs who send money to their parents as if money can help them get over loneliness. Irony is, in most cases, these are the same parents who longed for a son, in order to make sure that there will be someone for them in their old age. The same down to earth Indian changes and makes more demand than a foreigner after getting used to a different life outside the motherland. The less I say about foreign born Indian children, the better. They are worse than their parents. I have also noticed that almost all US born Indian children keep their American citizenship although they have an option to discard it when they turn 18. These children grow up and lobby and demand they be offered dual citizenship, in order to get better benefits from India when neither they nor their parents haven contributed anything to India in the first place.
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@MGRao
Before you assume anything about me, let me tell you that I have traveled all over the world with my family for both pleasure and business and there are only a handful of countries that we need visit to complete our world tour. I have received job offers that would have been too hard for some of you to reject but I was firm and created my own firm at my birthplace. I am happy to report that I have been able to prevent a few thousand youngsters from migrating to Bangalore, other metros or a foreign country by offering them a job at my firm. When I come across their parents, they are happy that I could do something which allowed them to live with their children rather than migrating with them places.
Bangalore and other metros will not have any infrastructure problems when only localites live in the place. Murthy and Premji are called heroes because they ensured talented people had something at home rather than running abroad. It is now time for local heroes, can you do something to ensure the youngsters dont’ have to migrate within India?
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@Faldo, It kinda is :-).
@Indian Citizen, I’m not sure where to start. If ranting the way you did helps you, so be it. But like I said, I have presented facts and numbers and you, just raw emotions. Go figure. The fact of the matter is, if there is anything worth shame, it is careless and baseless rants like yours. I’ll take the high road.
Which era are you stuck in ? parents who longed for a son. Fortunately mine did not, they have a daughter they are very proud of as well ! To say women of these days are incapable of caring for their parents is so outdated.
neither they nor their parents haven contributed .. — Looks like you skimmed thru the article at best. $90 billion in 2007 ring a bell ?
Children born to Indians in America are American citizens, and whether they choose to retain that or relinquish it, is entirely up to them. No offence, it’s none of our business to hope they choose one vs. the other
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@MGRao, to me this essay looks like you are trying to justify to yourself, why you are outside your home country and hence this ‘hanumanthana bala’ of an essay. Just accept the fact the you are only trying to take advantage of the arbitrage (interest rate, exchange rate, quality etc) ;) and nothing more.
Don’t try to delude yourself into believing that your doing it for the greater good by quoting remittance figures etc..
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@ Indian Citizen – Sir, Why do you belittle your own achievements by crowing about them and shouting down that of others? It just sounds like you have certain standards that you are unable to think beyond!
You said: “I understand the need for short business/tourism visits but any Indian who intends to stay permanently away from India should be declared a traitor and never be allowed back to the nation.
” I have received job offers that would have been too hard for some of you to reject but I was firm and created my own firm at my birthplace”
Sounds too pompous to say the least. Let your good work speak for you instead of these brash words.
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@Karihaida,
You need to read before commenting. The $90billion is as true as your denial of the fact. Get out of your stupor. As far as I’m concerned, I DID state the following in the article ..
Looks like you did not understand ‘yours sincerely included’ — that’s ME I’m referring to :-) .
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@Smitha, Thanks, I couldn’t have put it better..
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Nice Post MGRao Sir. I like it when arguments – nay, lets says Opinions- are based on facts rather than whatchamacallit “emotional Outburst”
Lets analyze the facts a little bit more. shall we? ( and when I say “you”, henceforth, please dont take it personally. As a matter of fact, I dont even know you and this is my first post on Churumuri. I would be referring to the Indian Diaspora as a whole.)
1. NRI remittances: $29 Billion (firstly lets forget the $90 billion extrapolation by Shekar kapur, a noted FILMMAKER now, shall we? you are bringing in $29 billion, lets stop at that!)
Considering that the total Indian Diaspora population to be 24 million, according to wikipedia, you, per person, are sending back around $1208 to your motherland. With due respects to the amount you are investing, I, as a very average software engineer pay around double that amount in taxes, not to mention the amount i spend on consumption of goods and services here!
So If this post is about “I invest so much (shall we repeat, $29 Billion!! oof!), so give me respect” or “Pay respect based on the amount of money invested back in the country”, then I am just letting you know where you and I stand in terms of investment!
2. The McKinsey Report
Yes, the report does talk about the growth of the Indian middle class and poverty. But it doesnt attribute this growth to the NRI remittances. It just talks about, at a macro level, the evolving middle class. I wonder what was your (MGRao) point in trying to claim responsibility for this emerging class? India’s MIddle class growth story, as the report suggests, will primarily depend on continued long term economic reforms, modernize the financial system and promote investment in human capital through better education and healthcare. The NRI remittances are, like the emerging middle class, an outcome of these factors, not the reason.
3. The reason for high NRI remittances.
Now I am going to quote some news items to explain the high NRI remittances:
This (http://www.thehindubusinessline.com/2007/09/29/stories/2007092952510100.htm) article mentions ““There has been a marked increase in NRI buying, especially over the last two-and-a-half years, probably because salaries in India have begun to match those offered abroad and quite a few among them want to return home as well.””
According to this RBI report (http://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/72983.pdf) the conclusions imply that it costs very less to send back money home and even if you keep it in the bank here, it provides better returns than the Foreign bank counterparts.
This ET article (http://economictimes.indiatimes.com/NRI_remittances_touch_new_high_at_10_bn/rssarticleshow/2709381.cms)
Says “Moreover, with the US economy, which has the highest NRI population and a major source of remittances, showing signs of a slowdown, and at the same time, brightening of prospects for the Indian economy, many NRIs are coming back which is also adding to the remittances figure.”
So lets answer one thing honestly. Are these inflows from NRIs just cos of their overwhelming patriotism to their motherland? or is “going / investing where opportunity/ high interest arbitrage lies” the motive?
4. “US H1B visas get oversubscribed 3 times over in a ‘day and a half’ of it’s opening causing a clamp down…”
My reply to your fact is this one
“http://www.thaindian.com/newsportal/india-news/indian-air-force-recruitment-drive-in-tripura-a-big-draw_10012807.html”
You give an example as if it implies that EVERYONE in this country is fighting for US visas and foreign opportunity. and I give an example where youths see the opportunity to serve the motherland, from within the motherland!
I can drawl on and on about the local indian perception about the foreign indians and start quoting from different Mckinsey articles and online news items. But we need to answer some ground realities…
1. Is the Indian diaspora ready to come back to the motherland, use their knowledge of the outside world and lend a supporting hand / Lead to a better country, by working within the country?
2. I am not against anyone talking about the problems within this country. But at a certain level, we should understand that there is a definite difference between people who are suffering being part of this system and people who are suffering being outside the system. You might have incurred loss due to the mortgage situation in the U.S. How much does it make sense for a person in Bangalore to comment on what to do to improve that situation? My point is that, no matter how noble the indian diaspora’s intention, no matter how much they feel about their past and compare it with the present, the local populace will most predominantly see it as a “person-outside-the-system” view. I doubt if a blog entry in churumuri and 50 odd comments is gonna change this view.
3. I believe the current indian mentality is such that, If LN Mittal criticizes the indian administration, most of the locals will listen to what he says and probably act on it. But, lets accept it, if a person with an average US income, whose salary is very much comparable to the indian counterpart at the end of the day (considering the cost of living and such) makes a comment, it is interpreted as completely different. Its human mentality and I would definitely want it to be changed.
4. Mr MGRao, I am definitely not against your way of thinking. I am happy about the fact that the Indian Diaspora is bringing in $29Billion to the country. I am happy that the NRIs still do feel about their motherland. I do acknowledge your place in the overall scheme of things. But to convince us about your true intentions, it has become necessary (primarily due to the basic human mentality) that the better placed diaspora should return and contribute to internal growth either through supporting / leading the local populace.
Are you willing to do it Sir?
The Indian administration today lacks Managers, Visionaries, strategists. We require better politicians, decreased bureaucracy /red tape, better infrastructure planners, more professionalism@work, a completely different attitude towards change and growth. We need better energy management processes, automated systems, high class designs and what not…
And the way i look at it, the NRIs (along with an emerging middle class) with their knowledge of the outside world, are well suited to work towards this improved India. Are you willing to be part of the India growth story, not as an “investor” but as a “executor”?
If a mentality shift needs to occur within the local populace, as it seems the intent of this article, then it requires more than just investment pouring into the country!
We have $150 billion going to the Govt through tax collections from the Middle class and a $30 Billion through NRI remittances this year. It is all going to the hands of incompetent, uneducated goons (thats our general perception of the politicians, isnt it?) for next year plans execution.
Now if only, everyone (and this includes every Indian) would just stop asking “Why am I being treated this way for the amount I contribute to the country?” and start asking “What can i do to better utilize this money I am paying out?” and start acting on it…
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@MGRao
“…Which era are you stuck in ? parents who longed for a son…To say women of these days are incapable of caring for their parents is so outdated…” You not only have misunderstood but assumed a lot of stuff on your own. Anyways, I should have used “…a child who would be there for them…” rather than “son”.
Stating the remittance ilk are altruists by manipulated numbers doesn’t help. Anyways you don’t answer my question? Care to be the next local hero? Can you provide jobs to our youngsters (not the night shift jobs) that would give them a high level of job satisfaction without making them migrate and causing infrastructure and other issues?
@Smita
Sometimes, you need to state clearly as some don’t just get it subtle. Unfotunately, you can’t keep your modesty. I am very open minded person and would consider any alternative as long as it serves a purpose.
MGRao’s claim of NRIs helping especially via remittances isn’t true. Our NRIs are myopic, they think that their ideas won’t work or it is too difficult to get it done in India that it is better to not do it at all. More than the money, we need their courage, vision and leadership (of course, I am talking about the intelligentsia here).
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@Karthik,
Thanks for taking the time to research to such an extent and comment. Your comment can be an article in itself and I appreciate the effort.
The article is seeking EQUALITY ; so it is not about “I invest so much so give me respect”, it is more so, ” NRIs invest 200% more than the FDI we are so proud of..”, so don’t say NRIs are deserters who do NOT do much. WE DO. What you do is no more noble than what I do…
-Are you willing to do it Sir?
==I personally do not have a US citizenship or a GreenCard, so I WILL —
Cannot speak for anyone else though..
-LM Mittal gets heard while I’m wasting time
== I subscribe to ‘It’s better to try and fail than fail to try’. So, I do want to believe that this was not a futile exercise, albeit at a miniscule level. Just like you think it is important for NRIs to return to India and help the fight against corruption et all, from within — most people local/NRI have given up hope in that regard about commonners being able to influence it…
-The McKinsey Report
==The McKinsey report denies the myth that the growth India has seen has not touched the poor/middleclass. This in conjunction with remittances @ 200% of your FDI, penetrating to 5000 cities, villages and post offices is a potent delivery mechanism to kick start the macro economy in areas that are not just confined to the major metros..
-The reason for high NRI remittances
== Flawed. Your RBI report is from 2006 and like I stated in an earlier comment, short term FDs are a lot more profitable in the US than in India. The other reason of reverse migration is happening, but in NO WAY matches the spikes you see in remittance increase. Real reasons are family maintennance-to better their living, real estate and few investment instruments. And about the US economy being hit and hence the spike in remittances ? The remittances have spiked DESPITE the US economy woes ! As a yardstick most advisors suggest keeping your NON-US investments <20-25%. Given that, investment is NOT the MAJOR reason for the spike in the remittances ; family is..
-Are these inflows from NRIs just cos of their overwhelming patriotism to their motherland?
==With a high majority of remittances being non investment oriented, it’s to support the families, help them. A derivative of that is adding to the local Indian economy, more importantly the macro economies at the points of disbursements…
-You give an example as if it implies that EVERYONE in this country is fighting for US visas and foreign opportunity
==Rash generalization flayed by emotion. Who talked of EVERYONE ? But per the facts, it is ‘QUITE a FEW’…?
-you, per person, are sending back around $1208 to your motherland. With due respects to the amount you are investing, I, as a very average software engineer pay around double that amount in taxes,
==I’m laughing here. You take the $29 billion and divide by the total NRI number (god knows what’s in it — housewives, kids et all), but for your justification you tout a Software Engineer’s Tax and the $150 billion for the middle-class tax. Why the uneven playing field ? Shouldn’t you divide that by the total number of Indians or at least tax paying Indians ? Now, who’s the one who is saying ‘I pay more’ ?
-not to mention the amount I spend on consumption of goods and services here!
==Lets leave out the amount spent on mustard and jaggery on both sides of the pond ? It’s foolish to argue that spend. A variety of ‘phoren’ goods are a staple in India as are India Store items in the US at 10X their cost in India. In cases like Bollywood movies many US markets are more lucrative than the ones in India. It needs an article in itself ; suffices to say it is petty and needs to be left out.
– “person-outside-the-system” and can an Indian comment on US sub-prime mess
==Sure. It needs to be the MERIT of the advice than the NATIONALITY of the advisor ! Ex: Kamal Nath was interviewed about US recession ;
NRN opined about the same and how it was a growth prospect for software engineers like “YOU”. They are interested parties via their countries
and companies and as long they have a sensible message they will be heard ! Same wrt U/Me..
-Is the Indian Diaspora ready to come back to the motherland, use their knowledge of the outside world and lend a supporting hand / Lead to a better country, by working within the country?
==It is more of just a populist question than one that has a well thought stance. It assumes the people back home are not capable and/or need NRI help ? I DO NOT think so. Additionally the help needs to be tactical, it would be foolish to say we do not need investments amounting to 200% of our total FDI, just be back in person and so we can admire your countenance ?
Again, I applaud you for the effort, but you are cherry picking your responses…
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@Indian Citizen, Please see my response to Karthik on the populist “need your expertise are you coming back..” remark.
About providing jobs : I take it that you are proud that you do. What about your cousins, or the guy next door ? Each provides jobs as well ? I’m sure NOT. Your contributions could be manifold and even in India it is the case..
If the explanation above does not satiate you, I’m afraid, we must agree to disagree :-)
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@Karthik,
Where did you get the $150 billion for just the Indian middle class taxes ? Reality check at IT Dept’s website APR-JAN: 217149 Cr all classes considered ! Other reports like Rediff pegged it at Rs. 300000 Cr..
http://www.rediff.com/money/2007/nov/23tax.htm
http://incometaxindia.gov.in/
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@MGRao
Sir, if you are opining that I am cherry picking, then what should we say about your article, whose gist is only about the NRI remittances. You are asking for a mindset change in the local populace and justifying it with one thing which is about 200% of our current FDI.
My Issue is not with your viewpoint that the local populace mindset has to change. In fact, I am with you on that… My issue is with the reasons you are trying to give to enforce the change in mindset.
I can reply to your comment, choosing particular sentences and provide facts that disprove those particular sentences and thus extrapolate it to mean that your entire comment is wrong… but it obviously would lead to more , What you say, “cherry picking”.
Lets do it this way, if the facts method doesnt seem to be working…
A couple are trying to bring up their kid. The father struggles in his office for long hours, brings home the moolah and hands it to the wife. “I leave it to you take care of our kid. Use all the money I give and bring him up well”. Now, for whatever reason, the kid is not behaving well… can the father just say, “I struggle to earn that money and provide for you, but our kid is not improving. Whats wrong? whats going on?” to which the wife would definitely say “what do you know what happens at home? you are always at office. Its your kid too… its just not enough to bring in the money. YOu need to spend time with the kid. The affection of a mother is just not enough, the direction of a father is very much required…”
Note here, the couple are not pointing fingers.. they are both frustrated about how their kid is shaping up… and since each of them dont knwo what wrong they are doing, it is easy to “cherry pick” and blame the other…
Is the father right? or the mother? Should the father/ mother insist on the other changing their mindset before they can act further? Who do you think will win?
Now you tell me, does it help the kid in any way?
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Here’s the article about the $150 Billion tax collection (surprisingly from Rediff itself) when i read it 2 days back.
Tax revenue mop up to cross Rs 6,00,000 cr
http://www.rediff.com/money/2008/jan/28tax.htm
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@MGRao,
If it is more facts about the Income tax paying population in India that you need…
No Of taxpayers in India: 29.4 Million
http://economictimes.indiatimes.com/Opinion/Todays_Features/Perspectives/Is_there_a_case_for_lowering_direct_tax_rates/articleshow/2681442.cms
Tax collected: $150 billion.
http://www.rediff.com/money/2008/jan/28tax.htm
you said
“I’m laughing here. You take the $29 billion and divide by the total NRI number (god knows what’s in it — housewives, kids et all), ”
okay, for the sake of your argument, lets discount the housewives and kids… lets say one in three of the NRIs send money back home, shall we? (Which is by far, a huge estimate, IMO, cos you yourself say that most of the NRIs are sending money back to “Family”)
so the 24/3 = 8 million NRIs are sending back $29 billion…
so you see what happens if we talk based solely on numbers??? we just use these “facts” to prove something that is incomplete…
Again, i am reiterating. I agree with you on the mindset change required on both sides. But the reason to be given is not the NRI remittances!!
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@Karthik,
Thanks for the $150 billion rediff link. I had missed that. Notwithstanding the fact that it an extrapolation and not just restricted to middle-class like you said, it is a significant number.
My article was ABOUT NRI REMITTANCES Karthik ; so it’s only obvious that I speak about it ? It spoke to the view point that a typical NRI does not do much for the country — which I contend is untrue. Are there other reasons that will influence/affect that mindset either way? You bet. But I was not talking about that. Seriously, the article is long as is :-).
Who do you think will win?. It’s not about winning an argument Karthik, it is about discussing the facts and making amends per what’s true. Ex. Though not just middle-class, $150 billion in tax is a great thing for our country and I have no qualms accepting that fact. It’s a new thing I learnt, thanks to the discussion..
You were doing good with statistics and now you decide to straddle statistics and human phychology ? Indulge me :-). Let me use your example to drive home my point.
The mother and father do need to make amends in the interest of their child ; but that should not involve father quitting his job and staying home ? His earnings DO a valuable service to the family’s upbringing ? All things being equal, the mother’s contribution is no less and the father’s any more.
I would much rather equate the NRI situation to the very plausible family with two kids, one in India and the other abroad and both helping — in their own way. Both are important and have their own place. Salt is not equal to pepper, but to say one is more needed than the other is not fraught with error. Together they brew up a nice stew …:-)
House values go down ; the variable interest mortgage goes up ; monthly payments go up leading to defaults and foreclosures and eventually billions in losses and a potential recession. Yes thats the sub prime story in the US, but serves to stress the importance of instruments like remittances. Maybe it would be different if some in the US middle-class had access to extra funding ?
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I hope to God that you get sometime off from clogging to watch the Giants vs Patriots or Australia vs India ODI this weekend- depending on which hat youre wearing or have remitted back to the motherland – NRI/PIO or the resident Yank or do you plan to continue to clog- you do intend to clog dont you?!
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Gaby,
Everyone on Churumuri goes through these phases. Its MGRs turn now :)
So MGR – do you think the Giants have any chance against the Pats?
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@Gaby, Thanks for the digression ; I could so badly use one. I love Freakonomics and it’s inferences, and thought statistics was fun ! :-). Pun apart I do like the discussions, so it helps.
About the games, hope to catch both actually, with the election coverage in tow ; more of a cricket fan anyday. Wife is sure to watch the Pats game but something tells me it’s more for a Brady than the game ! And no clogging hopefully !
@AG, Though I will end up rooting for the underdog, Pats should have it fairly easy..
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Re swami MGRao
You not only wrote a long-winded article but have also hogged (and clogged) 1/3 of all the comments. Please resist the same if at all you write again (anywhere).
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@Aruna, I will write allright and comment as well — it is more of a discussion. Toeing your line for the sake of argument, what do you suggest the author do ? look the other way when there is a request for clarity/more info ? On the other hand, if you do not like it, you are not compelled to stick around and read the article/comments.
Instead of ‘take my advice I don’t use it anyway’ you can hold your pen and not respond :-) — would you care to give it a shot ?
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Ree MGR!
Please write another column. Thanks.
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plse wake me up when we reach our station… yaaaaaaawwwwwnnnnn
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Ree MGR I can why ur wife roots for Brady -Well no luck for me- my darling Dravid is not playing in the ODI this saturday and Dhoni doesnt do it for me. I cant understand American Football- all I can do is to watch the hyper sexy Cristiano Ronaldo on saturday as Man Utd take on Tottenham.
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Ree Gaby,
I am so relieved. I was thinking may be you were set on ‘Apache’ Carlos Tevez of ManU!
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Verry funny DB!
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Kudos!!!!
Argument flows were the amazing part of this whole discussion. I guess this is the end of the discussion.
I have no view-point on this topic, however this discussion helps me take either stance. Like Scott Adams writes in his blog
“I sometimes like to make arguments for positions I don’t hold, just to test my viewpoint. ”
— http://dilbertblog.typepad.com/the_dilbert_blog/2007/12/next-on-mount-r.html
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Sir,
I wish you have given statistics about the NRI remittances from America.Most of the remittances come from those who are slogging in Middleast. But unfortunately NRIs from USA have their clout in Delhi that 13% of padma awards were given to NRIs and mostly from America.Even Lakshmi mittal is given one without having a single steelplant in India!!!
We Indians know you have love for your motherland but then you also know how to fleese the Airindia by getting upgrades and free layovers.
Also we donot like NRIs like the virginia tech professor who didnot even give his parents a gllimpse of his golden land.When he dies it is the poor taxpayer of tamilnadu who coughed up money for his parents to make passports and see his deadbody.
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NRIs are selfish, vain, self centered, deserters anthaa kelavaru
NaavE India uddhaara maaDthirOdu antha avarugaLu-idu bahaLa dinagaLinda kELthaa irO kappegaLa koogu.
Illi yaaru jaasthi sari or jaasthi thappu anthaa hElOke aa Vikramaadithyanna karesi kELabEku.
This much is true, India looks different and better than what it was 50 years back.
UNO says that except a few countries, a large majority of the countries have come out of rut and many of them are prospering and are in a position to give loans to USA.
USA media always mentions about the “emerging economy of India and China”. India’s clout is perceived as a nightmare for some people here.
A leading periodical in USA has predicted that ‘some’ country will soon join the third world group!
What is sad about Indians is their poor perception of the richness. They also calculate richness in terms Billions of dollars like the retarded West!
Indians forget that it is the richest country in the world in terms of TK ( Traditional Knowledge). I have heard enough of ‘pralaapa’ about the ‘KOhinoor diamond’ and the Tppu’s sword.
The pilferage of TK is astounding and incalculable.
OK. Let us come back to this NRI topic
One of the earliest among NRIs who went abroad with a sole intention of eking out a living plus to live in style, was not compelled to send any money back. But he is the one who sacrificed every thing for the sake of his motherland and her children. He is the one who is remembered in Hollywood films even today. He is the one who is a ‘hero of UNO’
He got us the freedom, especially the freedom of speech and expression
He is none other than MKG!
Still saying NRIs are….that.. this!
NRI….NRI…endu beeLugaLeya bEDi….
KonDaaDalu manabaaradiddare biDi.
‘ellaroo avaravara moogina nErakke thaane nODuvudu!’
Modalu namma ‘contribution’ Enu endu nODONa.
drtknag@yahoo.com
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NRIs are not bad people and they are just as selfish as the next person. The real shame is the PIO scheme; which treats foreigners at par with Indians living abroad. I wish I could throw my shoe at the govt for not giving me the right to vote in my own country. What part of “citizen” dont they understand?
And how dare they put me in the same line as a foreigner?
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my view are same as on as Mr.M,G,Rao & Mr. Rajan written above and we lack clarity in our vision to our own mother land, which gave us al the basic education,confidence and encouragement to shine with hard work, moral values in a foreign land and after achieving our objectives goal, we forget our motherland /patriotism with one sided approach by only having a negative approach towards progress & economic growth of our own country , calling bad roads, bad sanitation, corrupt people, corrupt govt and administration.
I think we should have a broader perspective on this approach to pay back to nature by law of self less giving one our basic requirement, food, clothing and shelter and family responsibility is archived uplift at last one down trodden/ have not family by sponsoring them towards good education and moral values, their responsibility towards state and nation,instead of blaming the system always without contributing anything while on vacation in India,
Let all individual NRI think at lest once in their life times, to contribute them selves towards uplift and transforming the quality of life of have nots in India .
In my capacity i have contributed to the Law of giving to my motherland a bit instead of blaming the system and continue to do so further.let out nation cherish the dream of prosperity for ever
keshavan
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i need ur help
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No one forgets motherland…it should be 3rd or 4th generation Indian living in UK and USA and most of them still visit India , have their homes and relatives here and they help other relatives to grow up financially…i personally know atleast 100 families from village living in UK since 1930s and they have helped many families to grow up…as a result there are very few families left in village and most of the people from village now live in cities with a better living standard….
know the facts: http://go.worldbank.org/ECEBKRSNQ0
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First of all when someone gives up Indian citizenship and excepts citizenship of another country is he/she no longer remains an Indian, its not my opinion its a fact.
Second the the guy above says that 3rd 4th gen NRI kids remain Indian, which is completely false. The truth is about 40% of NRI Kids in US marry some gorah/gori even Kala/kali. Again I am not saying they should not do that but its a fact. Most of the kids of NRIs not only don’t consider them to be Indian, most of them are actually very ashamed of their Indian heritage. It must has to be with upbringing of NRIs themselves because the same phenomenon is not observed among 2nd gen Pakistanis for example.
Thirdly NRIs don’t send money for love of their country, they send it either to their family or invest in Mutual funds etc because they get high returns, there is nothing patritic about thet.
What NRIs have is this nostalgia for India but it should not be confused with patriotism.
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As an NRI myself, I don’t think NRIs are deserters (as if you didn’t see that coming) But my reasons are different. As Indians, we should be proud and confident and secure. If anyone thinks he is being a generous benefactor by moving his money to one of the most attractive and fast growing investment destinations in the world, the joke is on him. As an NRI, I look up to the resident Indians back home. Their hard work, their achievements allow me to walk on foreign streets with my head held high. The resident Indians choose my leaders (they made a horrible choice though). The work of the resident Indians defines me. Every day I take pride in our growing economy, our massive military and our increasing clout. Without the RI holding fort back home, an NRI would be … well… just a refugee.
Some NRIs, like the writer of this blog piece, need to understand that our very identity is defined by what “desis” do. The NRI is not the face of India, the resident Indian is.
By the way, throughout, I have used the word “Indian” to mean someone having Indian nationality and this does NOT include holders of PIO/ OCI cards. We are a modern nation and being Indian has NOTHING to do with race.
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NRIs are Indians who could have done much more for our country if they stayed back. Who needs the money they earn by slaving for some white master’s enterprise? We needed you. You deserted us. It’s not all about money, never was. What about all the skill and educational investment the country loses due to the emigration? You can’t ever put a price on it. NRIs will always be rats who deserted the sinking ship. Thinking like the white man, in terms of dollars won’t make for an argument. Please do not try to justify the hypocrisy of your existence.
I have a better advice for NRIs. Please accept and adopt the culture and language of the place where you live. Atleast the 3rd and 4th gen NRIs have accepted this fact, albeit belatedly. It will purge your guilt and make life much easier.
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Waw.. the amount of hate I see here is unbelievable. Where is the kind hearted genourous indian brotherhood we were famous for? Where is unity I tell everyone here in Australia?Why are we not just trying to see it from the NRIs perspective? The NRIs might not be as bad as you think they are. How do you know they dont have as much passion to mother Indian as you. You can’t judge them by their choice of accomodation.
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