Indiaspora Releases New Report on India and Its Global Diaspora
SAN FRANCISCO, CA – On March 23, Indiaspora unveiled a fresh report titled ‘India and its Diaspora: Partners in Progress.’ The document analyzes the significant role that the Indian diaspora is playing in the development of India, especially as the country aims for its ambitious goals set for 2047.
The report reveals that there are over 35 million members of the Indian diaspora spread across more than 200 countries, with an impressive annual income estimated at $730 billion. It emphasizes a shift from merely sending money home to a more diverse range of contributions, including investments, sharing knowledge, forming technology partnerships, and building global networks.
Through insights gathered from over 200 leaders in 24 countries, the report shows how engagement with the diaspora is growing in areas like business, innovation, philanthropy, and cultural exchange. According to the findings, the diaspora is seen as a key resource, offering “capital, capability, and credibility” that boosts India’s long-term development.
M.R. Rangaswami, the founder and chairman of Indiaspora, commented, “In 1991, India opened its doors to the world. Today, the world is knocking on India’s door. At this crucial moment, India can tap into the strength of its 35-million-strong diaspora as true partners in its journey toward 2047.”
The report also expresses strong optimism from diaspora members about India’s future. Many feel confident that they can help shape India into a top global economy, a center for innovation, and a place that improves living standards while decreasing inequality.
However, the report does highlight ongoing challenges that hinder deeper involvement from the diaspora. It offers recommendations for policymakers and leaders within the diaspora to enhance cooperation and encourage greater participation in business, philanthropy, education, and governance.
This report builds on earlier studies by Indiaspora in collaboration with Boston Consulting Group, including ‘Small Community, Big Contributions’ released in 2024, and a forthcoming study on the Indian diaspora in the United Arab Emirates set for 2025.
