*** I'm not a Finance/Economics expert, but can foresee sometimes
1 CAD = 32 INR (2002)
1 CAD = 42.5 INR (2009)
1 CAD = 54 INR (current)
Seeing the stat, it looks like Canada maintained low inflation rate in recent years while India couldn't. No knows what will happen in next 3 years, but I would assume it wouldn't deviate much.
Now, it's calculation time:
For $60K (=3,240,000 INR) bank investment with 9% interest, return after 3 yrs = 4,115,000 INR (apprx)
After 3 years, when you convert back to CAD, you would get = $76,000 ($1=54 INR, current exchange rate, not gonna happen)
= $68,000 ($1=60 INR)
= $63,000 ($1=65 INR)
Now, Canada would give you 3% for guaranteed return (min 3 years) = $65,000
With non-guaranteed investment, you may get 4-5%.
Not much of a difference, yeh? Some Idea:
* Invest in GOLD (never betrays you)
* Buy a house in a growing area in Canada (unless you're very unfortunate, it won't disappoint you)
* Invest some in stock/shares (always risky)