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South Asia's Wealth Diaspora: Looking Beyond Non-Resident Indians

  • Published:
  • 105 Pages
  • BRICdata

Synopsis

The report provides in-depth market analysis, information and insights, including:

  • Country wise breakdown of the population of non-resident South Asians across the globe
  • Current and future size of the wealth management market for non-resident South Asian millionaires
  • Comprehensive, country-specific analysis of the industry's market attractiveness, covering key investment trends and drivers
  • Detailed analysis of the marketing and growth strategies adopted by various financial institutions offering wealth management services to non-resident South Asians
  • Detailed analysis of the challenges affecting the investments of non-residents in South Asia
  • Company profiles of the major banks offering wealth management services to non-resident South Asians

Summary

The population of overseas Indians, including non-resident Indians (NRIs) and persons of Indian origin (PIOs), reached 21.6 million in 2011. The US accounts for the largest proportion of NRI millionaires, followed by the UK, the UAE, Canada, Hong Kong, Singapore and Indonesia. The population of overseas Pakistanis, including non-resident Pakistanis (NRPs) and persons of Pakistani origin (PPOs) reached eight million in 2011. The UK has the largest share of NRP millionaires, followed by the US, the Persian Gulf countries and Canada. The population of non-resident Bangladeshis (NRBs) reached 5.4 million in 2011. The Persian Gulf countries account for the largest number of NRB millionaires, followed by the UK and the USA. The population of overseas Sri Lankans, including non-resident Sri Lankans (NRSLs) and persons of Sri Lankan origin (PSLOs) reached 2.5 million in 2011. Singapore accounts for the highest proportion of overseas Sri Lankans in 2011; followed by Canada, the UK and the UAE.

Scope

  • This report provides an extensive analysis on the wealth management market for non-resident South Asians
  • It details the historical values for wealth management market size for non-resident South Asian millionaires for 2007-2011, along with forecast figures for 2012-2016
  • The report provides a detailed analysis on investment trends and drivers, marketing strategies, plus the challenges in the wealth management market for non-resident South Asians
  • The report profiles the top wealth management providers across the globe providing services to non residents South Asians

Reasons To Buy

  • Take strategic business decisions using top-level historic and forecast market data related to the wealth management market for non-resident South Asians
  • Understand the growth drivers of the wealth management market for non-resident South Asians, along with key market trends and growth opportunities
  • Assess the marketing and growth strategies adopted by banks and other wealth management service providers for non-resident South Asians
  • Assess the competitive dynamics in the wealth management market for non-resident South Asians

Table of Contents

1 Executive Summary

2 South Asia's Wealth Diaspora - Country Benchmark Comparison

  • 2.1 Market Environment
  • 2.2 Share of Wealth by Nationality
  • 2.3 Comparison of Remittances Across South Asia

3 India

  • 3.1 Market Environment
    • 3.1.1 GDP at constant prices
    • 3.1.2 Inflation
    • 3.1.3 Market capitalization
  • 3.2 NRI Population
    • 3.2.1 Number of non-resident Indians
    • 3.2.2 Number of non-resident Indian millionaires
    • 3.2.3 Wealth of non-resident Indian millionaires
  • 3.3 Remittance
  • 3.4 Investment Trends and Drivers
    • 3.4.1 RBI norms expected to encourage NRI investment in India
    • 3.4.2 NRI demographics
    • 3.4.3 Growing base of NRIs
    • 3.4.4 Well-regulated capital markets
    • 3.4.5 India's economic growth
    • 3.4.6 Proactive FDI policy
    • 3.4.7 Favorable currency exchange rates expected to continue to encourage investment of NRI wealth in India
    • 3.4.8 Competition
  • 3.5 Government Initiatives Designed to Attract the Wealth of India's Non-Resident Population
  • 3.6 Competitive Landscape
    • 3.6.1 Overview of leading companies
    • 3.6.2 Marketing and expansion strategies
  • 3.7 Challenges

4 Pakistan

  • 4.1 Market Environment
    • 4.1.1 GDP at constant prices
    • 4.1.2 Inflation
    • 4.1.3 Market capitalization
  • 4.2 NRP Population
    • 4.2.1 Number of non-resident Pakistanis
    • 4.2.2 Number of non-resident Pakistani millionaires
    • 4.2.3 Wealth of non-resident Pakistani millionaires
  • 4.3 Remittance
  • 4.4 Investment Trends and Drivers
    • 4.4.1 Increasing number of NRPs worldwide
    • 4.4.2 Persian Gulf-based NRPs remain the key market for wealth management providers
    • 4.4.3 Favorable investment policies and well-regulated financial markets
    • 4.4.4 Positive economic outlook
    • 4.4.5 Increasing competition among domestic and international wealth management providers
    • 4.4.6 Favorable exchange rate encouraging NRP investment in Pakistan
  • 4.5 Competitive Landscape
    • 4.5.1 Overview of leading companies
    • 4.5.2 Marketing and expansion strategies
  • 4.6 Challenges

5 Bangladesh

  • 5.1 Market Environment
    • 5.1.1 GDP at constant prices
    • 5.1.2 Market capitalization
    • 5.1.3 Inflation rate
  • 5.2 NRB Population
    • 5.2.1 Number of non-resident Bangladeshis
    • 5.2.2 Number of non-resident Bangladeshi millionaires
    • 5.2.3 Wealth of non-resident Bangladeshi millionaires
  • 5.3 Remittance
  • 5.4 Investment Trends and Drivers
    • 5.4.1 NRB investment options
    • 5.4.2 Investment products targeting NRB customers are being introduced by the country's leading banks
    • 5.4.3 Incentives to attract NRB investment
    • 5.4.4 Trade fairs are being organized to in order to attract investment in Bangladesh stock market
    • 5.4.5 Bangladesh's strong economic performance is driving growth in NRB investment
    • 5.4.6 Banks working with money transfer companies to improve remittance process
    • 5.4.7 Increasing overseas employment is driving growth in inward remittances
  • 5.5 Competitive Landscape
    • 5.5.1 Overview of leading companies
    • 5.5.2 Marketing and expansion strategies
  • 5.6 Challenges

6 Sri Lanka

  • 6.1 Market Environment
  • 6.2 NRSL Population
    • 6.2.1 NRSL population
    • 6.2.2 Number of non-resident Sri Lankan millionaires
    • 6.2.3 Wealth of non-resident Sri Lankan millionaires
  • 6.3 Remittance
    • 6.3.1 Remittance by region
  • 6.4 Investment Trends and Drivers
    • 6.4.1 Sri Lanka's strong, resilient economy has helped to increase business confidence in the country
    • 6.4.2 Sri Lankan government seeking to promote NRSL investment in the country
    • 6.4.3 Depreciation of Sri Lankan rupee expected to increase capital investment in the country
    • 6.4.4 Further non-resident investment anticipated over the forecast period
    • 6.4.5 Availability of Sri Lankan banks in foreign countries
  • 6.5 Competitive Landscape
    • 6.5.1 Overview of leading companies
    • 6.5.2 Marketing and expansion strategies
  • 6.6 Challenges

7 Appendix

  • 7.1 About BRICdata
    • 7.1.1 Areas of expertise
  • 7.2 Methodology
  • 7.3 Disclaimer

List of Tables

  • Table 1: Non-Resident Population of South Asian Countries - 2011
  • Table 2: Non-Resident Millionaires Wealth Comparison (US$ Billion), 2007-2016
  • Table 3: Average Wealth of Non-Resident Millionaires, 2011
  • Table 4: Overseas Indian Population by Country, 2011
  • Table 5: NRI Millionaire Population by Country, 2011
  • Table 6: NRI Millionaires Total Wealth (US$ Billion), 2007-2011
  • Table 7: NRI Millionaires Total Wealth (US$ Billion), 2012-2016
  • Table 8: NRI Millionaires Wealth by Country (US$ Billion), 2011
  • Table 9: List of Indian Billionaires Worldwide, 2012
  • Table 10: Indian Remittances by Country of Origin (US$ Billion), 2007-2011
  • Table 11: Deposits in Banks by NRIs (US$ Billion), 2007-2011
  • Table 12: FDI Inflows (US$ Billion), April 2000-June 2011
  • Table 13: Investment Cap for Persons Resident Outside India by Sector
  • Table 14: Non-Resident Pakistani Population by Country (Million), 2011
  • Table 15: NRP Millionaire Population by Region, 2011
  • Table 16: NRP Millionaires' Wealth (US$ Billion), 2007-2011
  • Table 17: NRP Millionaires' Wealth (US$ Billion), 2012-2016
  • Table 18: NRP Millionaires' Wealth by Region (US$ Billion), 2011
  • Table 19: Pakistani Remittances (US$ Million), 2007-2011
  • Table 20: Pakistani Remittances by Country of Origin (US$ Million), 2007-2011
  • Table 21: Pakistan's Gross Domestic Product and Foreign Exchange Reserves (US$ Billion), 2007-2011
  • Table 22: Net Inflow of Foreign Investment in Pakistan (US$ Million), 2007-2011
  • Table 23: Pakistan - Market Capitalization (PKR Billion), 2007-2011
  • Table 24: Overseas Bangladeshi Population by Country, 2011
  • Table 25: NRB Millionaires by Region, 2011
  • Table 26: NRB Millionaires Wealth (US$ Billion), 2007-2011
  • Table 27: NRB Millionaires Wealth (US$ Billion), 2012-2016
  • Table 28: NRB Millionaires Wealth by Region (US$ Billion), 2011
  • Table 29: Bangladeshi Remittances by Country of Origin (US$ Million), 2007-2011
  • Table 30: Bangladesh - Foreign Exchange Reserves (US$ Billion), 2007-2011
  • Table 31: Bangladeshi Overseas Employment New Migrations, 2007-2011
  • Table 32: Bangladesh Remittances Market Share by Bank, March 2012
  • Table 33: BRAC Bank Money Transfer Partnerships by Country, 2010
  • Table 34: NRSL Population by Country - 2011
  • Table 35: NRSL Millionaires by Country, 2011
  • Table 36: NRSL Millionaires Wealth (US$ Billion), 2007-2011
  • Table 37: NRSL Millionaires Wealth (US$ Billion), 2007-2011
  • Table 38: NRSL Millionaires Wealth by Country (US$ Billion), 2011
  • Table 39: Remittances by Non-resident Sri Lankans (US$ Billion), 2007-2011
  • Table 40: Sri Lanka Remittances by Region (US$ Million), 2007-2011

List of Figures

  • Figure 1: Non-Resident Population of South Asian Countries - 2011
  • Figure 2: Non-Resident Millionaires Wealth Comparison (US$ Billion), 2007-2016
  • Figure 3: South Asia Comparison of Remittances (US$ Billion) - 2011
  • Figure 4: India - GDP at Constant Prices (US$ Billion), 2007-2016
  • Figure 5: India - Inflation Rate (%), 2007-2016
  • Figure 6: India - Market Capitalization (US$ Billion), 2007-2011
  • Figure 7: Overseas Indian Population by Country (%), 2011
  • Figure 8: NRI Millionaire Population by Country (%), 2011
  • Figure 9: NRI Millionaires Total Wealth (US$ Billion), 2007-2011
  • Figure 10: NRI Millionaires Total Wealth (US$ Billion), 2012-2016
  • Figure 11: NRI Millionaires Wealth by Country (%), 2011
  • Figure 12: NRI Wealth Portfolio (US$ Billion), 2011
  • Figure 13: Segmentation of Indian Billionaires By Net Worth (US$ Billion), 2012
  • Figure 14: Indian Billionaires' Sources of Wealth (%), 2012
  • Figure 15: Indian Remittances (US$ Billion), 2007-2011
  • Figure 16: Indian Remittances by Country of Origin (%), 2011
  • Figure 17: Utilization of NRI Remittance (%)
  • Figure 18: Investment Trends and Drivers
  • Figure 19: Deposits in Banks by NRIs (US$ Billion), 2007-2011
  • Figure 20: Exchange Rate (US$ to INR), January 2011-December 2011
  • Figure 21: Pakistan - GDP at Constant Prices (US$ Billion), 2007-2016
  • Figure 22: Pakistan - Inflation Rate (%), 2007-2016
  • Figure 23: Pakistan - Market Capitalization (US$ Billion), 2007-2011
  • Figure 24: Non-Resident Pakistani Population by Country (%), 2011
  • Figure 25: NRP Millionaire Population by Region (%), 2011
  • Figure 26: NRP Millionaires' Wealth (US$ Billion), 2007-2011
  • Figure 27: NRP Millionaires' Wealth (US$ Billion), 2012-2016
  • Figure 28: NRP Millionaires' Wealth by Region (US$ Billion), 2011
  • Figure 29: Pakistani Remittances (US$ Million), 2007-2011
  • Figure 30: Pakistani Remittances by Country of Origin (%), 2011
  • Figure 31: Investment Trends and Drivers
  • Figure 32: Exchange Rate (US$ to PKR), 2007-2011
  • Figure 33: Net Inflow of Foreign Investment in Pakistan (US$ Million), 2007-2011
  • Figure 34: Pakistan - Market Capitalization (PKR Billion), 2007-2011
  • Figure 35: Bangladesh GDP at Constant Prices (US$ Billion), 2007-2016
  • Figure 36: Dhaka Stock Exchange Market Capitalization (US$ Billion), 2007-2011
  • Figure 37: Bangladesh - Inflation Rate (%), 2007-2016
  • Figure 38: Overseas Bangladeshi Population by Country, 2011
  • Figure 39: NRB Millionaires by Region, 2011
  • Figure 40: NRB Millionaires Wealth (US$ Billion), 2007-2011
  • Figure 41: NRB Millionaires Wealth (US$ Billion), 2012-2016
  • Figure 42: NRB Millionaires Wealth by Region (US$ Billion), 2011
  • Figure 43: Bangladesh Remittances (US$ Billion), 2007-2011
  • Figure 44: Bangladesh Remittances (US$ Billion), 2012-2016
  • Figure 45: Bangladeshi Remittances by Country of Origin (%), 2011
  • Figure 46: Bangladesh Remittances Market Share by Bank, March 2012
  • Figure 47: Sri Lanka GDP Value at Constant Prices (US$ Billion), 2007-2016
  • Figure 48: Sri Lanka - Colombo Stock Exchange Market Capitalization (US$ Billion), 2007-2011
  • Figure 49: Sri Lanka Inflation Rate (%), 2007-2016
  • Figure 50: NRSL Population by Country - 2011
  • Figure 51: NRSL Millionaires by Country, 2011
  • Figure 52: NRSL Millionaires Wealth (US$ Billion), 2007 - 2011
  • Figure 53: NRSL Millionaires Wealth (US$ Billion), 2012 - 2016
  • Figure 54: NRSL Millionaires Wealth by Country (US$ Billion), 2011
  • Figure 55: Remittances by Non-resident Sri Lankans (US$ Billion), 2007-2011
  • Figure 56: Sri Lanka Remittances by Region, 2011
  • Figure 57: Investment Trends and Drivers
  • Figure 58: Exchange Rate (US$ to LKR), 2007-2011
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