Non-resident Indians deposited $1 billion in India in April, indicating increased confidence in the Indian economy.

Non-resident Indians (NRIs) deposited around $1 billion in India in April, showing their confidence in the Indian economy despite global macroeconomic challenges. Last year, overseas Indians deposited $150 million in the same month. NRI deposits reflect the resilience of the Indian economy as they shifted India's growth trajectory from an average of 7% between 2003-19 to a projected 8% or more for 2021-24.