India, which is celebrating its 72nd Independence Day, today is one of the world’s fastest growing economies.
Over the past seven decades, the country has shown its prowess in various fields and Indians around the world can take pride in the giant leaps it has taken.
India’s growth rate is expected to rise from 6.7 per cent in 2017 to 7.3pc in 2018 and 7.5pc in 2019, according to the IMF’s latest World Economic Outlook update.
NRIs today are some of the biggest investors in India, and remittances are an integral part of this growth story.
India continues to be the world’s top recipient of inward remittances, with nearly $69 billion coming into the country in 2017 – an increase of 9.5pc from the previous year, according to the World Bank report.
In relation to the increased need for financial services, companies in the region have evolved likewise to cater to the South Asian expat community.
LuLu International Exchange, an ISO 9001: 2015 certified organisation, with easily accessible and widely networked branches across the region, acts as the go-to financial services outlet for expats.
With products like ‘LuLu Now’, which allows immediate credit to designated bank accounts instantly, LuLu International Exchange remains at the forefront of technological innovation in this sector.
Furthermore, ‘LuLu Money’ app has various features including instant online transactions, payment tracking in real time, rate alert setting and payment history, among others.
LuLu International Exchange currently has more than 12 branches spread across Bahrain. On the occasion of the 72nd Independence Day of India, LuLu International Exchange salutes and congratulates the great nation of India and its people.