The rupee was pegged to a basket of currencies, the government was close to defaulting, and there was only enough foreign reserves to buy 3 weeks worth of imports. India liberalized its economic system.
under the Liberal Remittance Scheme (LRS), loosened up their Foreign Exchange Management Act (FEMA) regulations. It is now legal to invest up to $250,000 every year internationally, barring a few restrictions.
Formerly Microsoft and Westbridge Capital.
Computer Science @ Princeton University.
Product of New Delhi, India.
Formerly Microsoft and United States Army.
Computer Science @ Dartmouth College.
Product of Kentucky, USA.
In 2009, the dollar was roughly equal to about ₹47. If you invested ₹4126 into dollars, you would have $87.80. This was the cost of an Amazon share. Today, the USD is equivalent to ₹68.99. And today, that Amazon share is worth $1,985.63. This would convert to ₹1.36 lakhs, at a return of 148% year over year. Every company is not Amazon, but there are enough high growth companies to grow our investments.
We're here to help people generate wealth. We're obsessed with our belief that everyone deserves financial freedom. And we're starting our journey towards providing that with easy access to US capital markets.
GreenTiger is based in San Francisco and New Delhi. If you're interested, drop us an email at hello at greentiger.co
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GreenTiger does not provide any investment advice and does not constitute an offer to buy or sell a security. GreenTiger will be available for use once we have finished the process of registering with SEBI and SEC. This waitlist does not constitute a solicitation for investment or investment advice.