Yes, as per the Indian Citizenship Act of 1955, the OCI Cardholder will be considered an Indian citizen. However, to acquire the status, you will need to stay in the country for at least a year out of five. Aside from it, you will also need to apply for Indian citizenship. The Indian Government does not allow someone to hold two residency statues at the same. Therefore, following the aforementioned procedures are imperative for you.