QROPS Pension Transfers to India have been increasing in popularity while the Indian economy is attracting significant attention from global investors across various sectors.
India’s exponential growth
It’s no surprise that India has emerged as one of the most attractive investment destinations in recent years. Its GDP growth rate has consistently outpaced most developed nations, including China. This growth stems from several government-led reforms and initiatives, such as Make in India and Digital India. Other initiatives include 100 Smart Cities, Skill India, and the National Manufacturing Policy. These efforts have boosted investment opportunities and encouraged more people to transfer their pensions to India through QROPS.
The Indian pharmaceutical sector, in particular, has drawn significant interest from foreign investors. A key reason is the global supply chain crisis and the de-risking process, which have shifted API sourcing from China to India. India is one of the largest suppliers of generic drugs, contributing about 20% of global generic medicine exports. It also has a robust pharmaceutical manufacturing industry focused on both generic and branded medications.
Best destination for QROPS Pension Transfers
Unlike China, which has faced criticism for weak enforcement of intellectual property rights, India offers a stronger IP framework. This supports the production of generic versions of off-patent drugs. Better trade relations with western nations also reduce geopolitical risks. This has made it a lot more interesting for people looking to transfer their pensions to India through QROPS.
If you’ve lived and worked in the UK and are planning to return to India, now is the best time to bring your pension and invest in the growing Indian pharma sector. While the QROPS process might seem tedious, transferring your pension to India is a wise decision. Medical tourism is booming, with treatments costing 30% to 80% less than in western nations while providing superior services and facilities.
India also stands out with its alternative medical industries, such as Ayurveda and homeopathy. Both have a long history and attract people from all over the world. These factors make the Indian pharma sector a highly promising investment opportunity.
I tried transferring my pension to India but got rejected.
Many pension schemes in India claim approval, but only a few meet Her Majesty’s Revenue and Customs (HMRC) requirements. This leads to frequent application rejections. Contact us if this happens, and we’ll help fix the issue.
Is there a penalty for transferring my pension fund to India?
No, transferring pension funds to approved schemes in India is tax-free. It also eliminates potential losses from currency exchange rates and other complications.
How long does it take?
Some websites say it can take up to six months. However, the financial advisors at QROPSdirect.in complete the process in just 30 days!