There are several reasons why many Non-Resident Indians (NRIs) from the UK are moving back to Punjab and Chandigarh. Some of the key factors include:
1. Economic and Business Opportunities
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Many NRIs are returning to invest in real estate, agriculture, or startups in Punjab and Chandigarh.
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The Indian economy has been growing, offering better business prospects and job opportunities.
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The cost of living in India, especially in smaller cities, is lower compared to the UK.
2. High Cost of Living in the UK
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The rising cost of housing, energy bills, and inflation in the UK has made it harder for many NRIs to maintain their standard of living.
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The UK’s taxation policies, including inheritance tax and property taxes, are also pushing some NRIs to reconsider staying.
3. Post-Brexit Uncertainty
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Brexit has led to economic instability, fewer job opportunities, and stricter immigration policies, making life more challenging for many NRIs.
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Some NRIs who had moved to the UK for work now find that job security is no longer the same.
4. Family and Cultural Connection
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Many NRIs want to return to be closer to their families, particularly aging parents.
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Children of NRIs often face identity issues in foreign countries, and some families prefer raising them in their cultural environment.
5. Quality of Life in Punjab & Chandigarh
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Punjab, especially cities like Chandigarh, offers a high standard of living with better infrastructure, healthcare, and education.
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Many NRIs feel more comfortable in their native place due to familiarity with language, food, and traditions.
6. Retirement Plans
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Many NRIs, after working for decades in the UK, prefer to retire in India where they can enjoy a more relaxed lifestyle.
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They can afford a better lifestyle in India with their savings compared to the UK.
7. Visa and Immigration Issues
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Some NRIs face visa restrictions or difficulty in renewing their stay in the UK, prompting them to return.
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Changes in UK immigration policies have made it harder for dependents to stay permanently.
8. Property and Investment in India
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Many NRIs have properties in Punjab and Chandigarh and choose to return to manage their assets.
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Some return to build businesses, hotels, or schools, benefiting from India’s growing economy.
Would you like insights on specific aspects, such as business opportunities or property investments for NRIs in Punjab?