Investments by the Indian diaspora in GIFT City-based funds have crossed USD 7 billion, a top official from the International Financial Services Centres Authority said on Tuesday. Over USD 129 billion were remitted by the non-resident Indians (NRIs) and people of Indian origin to the homeland in 2024, and it is fair to assume that they have investments of similar quantum in the global markets, chairman of the financial regulator K Rajaraman said here. "...as of now, about 5,000 NRIs have invested about nearly a billion and a half... in various banking products. They have also invested close to USD 7 billion in the fund ecosystem," he said at an event organised by the Institute of Internal Auditors here. Dedicated facilities for attracting the diaspora money into the GIFT City in Gujarat were started in 2024. Rajaraman said the over 19 million-strong diaspora is a big catchment of funds, and explained the idea behind it. "The thought process is how do we create a platform which can