84% of Singapore-based Indians are investing locally: study
Indians pick property as the most important area to invest in.
About 84% of Indians based in Singapore are investing in the city-state, HSBC’s first-ever “Global Indian Pulse” revealed.
Based on the report, 50% of Singapore-based Indians have increased their investment in the last three years, whilst 61% of them are planning to expand theirs, as well.
The main reason why Indians based in Singapore want to increase their investments locally is to promote positive change (41%), and are particularly driven by investment related to sustainability.
In fact, about 75% of SG-based Indians plan to invest in environmental and social initiatives including renewable energy, whilst 25% of them want to put their money on recycling, and energy-efficient housing.
Affluent Indians (42%), on the other hand, are investing to aid the city-state’s economic recovery.
In terms of asset classes, Indians in Singapore picked property as the most important area to invest in, followed by stocks and shares (40%), and local businesses (33%).