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Prediction on Indian economy, technology & taxes for NRIs
EZTax expects Indian diaspora and pre-2000s non-resident Indians to return to India starting from 2024 due to various macro-economic events around the world. Read more.
Indians who migrated during the 2000s are gradually attempting to return to India in order to reside and appreciate their retirement and post-50 years. EZTax 10 point prediction on Indian economy, technology, & taxes for NRIs.
| This marks the beginning of a substantial reverse migration to India. | |
| It is expected that India will regain its wealth. | |
| It was anticipated that their investments would be organized for management in India. | |
| The Indian economy is on the brink of prosperity. | |
| It is anticipated that small and medium-sized enterprises (SMEs) that prioritize unit economics will exhibit superior performance in the next five years, which will encourage non-resident Indians (NRIs) to reinvest in India as entrepreneurs. | |
| AI disruption has a substantial impact on the technology sector, as the current status of machine learning technologies is in its infancy. | |
| It is anticipated that the new government will restructure the GST rates and revise import duties following the elections. | |
| In the years ahead, there will be a greater emphasis on taxation and the complete implementation of the tax compliance framework, with a maturity level of - 2 to provide more transparency. | |
| Attention should be given to upskilling by job seekers and employees for those who want to continue to perform as an employee. | |
| 10 | Macroeconomics has a significant impact on the economy and foreign policy of India, enabling it to leverage its latent strengths and become more robust that would favour the new investments from NRIs. |
Author: Suneel Dasari, Founder & CEO @ EZTax.in
