In an effort to boost foreign direct investment and engage the Indian diaspora, India has implemented measures to simplify investment processes for non-resident Indians (NRIs) and individuals with Overseas Citizenship of India (OCI) privileges. Prime Minister Narendra Modi's government recognizes the potential for diaspora investment to support the country's goal of becoming a developed economy by 2047. As part of these reforms, NRIs can now own up to 10 percent of public companies, an increase from 5 percent, enhancing their capacity for equity participation and property investment in India. This move aims to facilitate long-term partnerships between the Indian diaspora and the nation's development endeavors. Analysts believe that although the recent changes address some of the longstanding bureaucratic hurdles faced by NRIs, more reforms are necessary to improve the regulatory landscape further. The need for these changes became evident as many potential investors reported frustrations with previous processes, such as the complicated Tax Identification Number (TAN) requirements, which delayed real estate transactions. With approximately 35 million people of Indian origin around the world, many thriving in advanced economies, the government anticipates that these reforms will lead to a significant increase in overseas investment in Indian real estate and equity markets. Already, overseas buyers are projected to represent 20 percent of the Indian real estate market by 2025-2026, up from 10-15 percent in previous years. Additionally, prominent Indian real estate developer DLF reported a significant increase in NRI sales, indicating growing interest from the diaspora for luxury and super-luxury residential projects. However, the ultimate impact of these reforms depends on continued improvements to the climate for investment in India, creating a more attractive environment for NRIs and ensuring that the country fully capitalizes on the economic potential of its global diaspora.