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India: NRI focus turns to home as coronavirus rages

Non-resident Indians are a powerful force in wealth management from New York to Singapore. But as the pandemic devastates the subcontinent, this vast diaspora is reassessing its priorities.

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Photo: Getty

Nash Mithani is the archetypal non-resident Indian (NRI). He is typical of the vast and growing group of south Asians that trace their roots back to the subcontinent, but who work, invest and pay taxes overseas, often in global cities like New York, London and Singapore.

One day in 1890 his great-grandfather Dayabhai boarded a vessel in Gujarat bound for the port of Aden. The ship flew under the flag of the British East India Company and both places were controlled in London, part of a empire on which the sun famously never set.

Instead


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Elliot Wilson is Greater China Editor and Private Banking and Wealth Management Editor. He joined the magazine in 2020 having been a regular contributor focusing on China and the Indian subcontinent, Russia and Eastern Europe/the CIS. He is based in Hong Kong.
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