The abbreviation NRI stands for Non-Resident Indian, which refers to an individual of Indian origin who has relocated to a foreign country. The reasons for their relocation could be for work, education, residency, or any other purpose. NRIs are Indian citizens who reside outside of India. According to the Ministry of Overseas Indian Affairs, India has the second-largest population of NRIs in the world, after China.
An individual who has stayed outside of India for more than 182 days in a calendar year is considered an NRI. Income tax regulations are different for NRIs. To be classified as an NRI, the individual must possess an Indian passport and hold Indian citizenship. NRIs are also referred to as Overseas Indians or Expatriates.
There are several categories of NRIs, but here are three primary classifications:
- Government representatives and public sector employees: This group includes Indian citizens who are working for central or state government agencies and are currently living overseas.
- International organization employees: This category includes Indian nationals who are working for international organizations such as the IMF (International Monetary Fund), the UN (United Nations), the World Bank, and similar organizations located outside of India.
- Indian citizens living abroad: This group includes Indian residents who are currently living overseas for various reasons such as pursuing higher education, working in a foreign company, running their own business, or simply on vacation.