Indian Diaspora: Contribution to India’s Development
The Indian diaspora plays a significant role in India's development across various sectors. The Indian diaspora's contributions to India's development are multifaceted, encompassing economic investments, technological advancements, academic collaborations, cultural promotion, political advocacy, and philanthropic efforts.
Role of the Diaspora in India’s Development
- Remittances: In 2023, India received approximately $125 billion in remittances, making it the largest recipient globally. These funds contribute to household incomes and stimulate economic activities in rural and urban areas.
- Investment: The diaspora has been actively investing in India’s economy. For instance, initiatives like the Pravasi Bharatiya Divas encourage NRIs to invest in Indian startups and infrastructure ....
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