NRIs have significantly increased their equity allocations in India over the past five years, driven by strong economic growth and political stability. Shantanu Bhargava from Waterfield Advisors notes a shift from debt-focused investments to equities, with NRIs now favoring unlisted securities and diversifying into asset classes like REITs and InvITs. Factors like currency stability and favorable policies have bolstered NRI confidence. Despite a more cautious outlook on future equity returns, there’s a trend toward alternative investments. Regulatory improvements have simplified the investment process, but NRIs must navigate specific restrictions and tax implications, seeking expert guidance for optimal strategies.