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India to ease diaspora investment norms, SEBI simplifies KYC rules
India to simplify NRI investment rules by easing KYC norms and onboarding.
India is preparing to relax rules for diaspora investments in the stock market by allowing NRIs to onboard remotely, using digital identity tools like Aadhaar. The move, prompted by falling signals, aims to tap into remittance flows and encourage capital inflows. Simplified KYC norms should boost participation from Indian diaspora globally, providing fresh liquidity to equity markets amid muted foreign inflows. The policy shift could be timely given India’s ambitious IPO and growth agenda.