New Delhi
With fading away of the glorious years for the oil-rich countries in the Gulf following the crude prices battling to inch up, the Non-Resident Indians (NRIs) net deposits inflows have seen a huge drop of 98 per cent in the first five months of current financial year over the same period of 2016-17, according to an ASSOCHAM analysis.
The NRI deposit flows have nosedived from 3.84 billion dollar in April-August of the previous fiscal to a mere 434 million dollar in the same period of 2017-18.