
Beyond Remittances: How India’s Global Diaspora Could Become an Economic Superpower for Viksit Bharat For years, the economic story of Indians living abroad has been told mainly through one impressive number: remittances. Money earned in Dubai, London, New York, Toronto, Singapore and elsewhere travels back to India, paying for education, homes, healthcare, family expenses and investments. But there is a much bigger story developing. It is increasingly a source of capital, professional expertise, technology, international networks and global credibility. And that could make the diaspora an important partner in India’s ambition to become a developed nation by 2047. $730 billion is an impressive number—but it needs context A 2026 report by Indiaspora estimates that more than 35 million people of Indian heritage live across more than 200 countries. It estimates that the diaspora earns more than $730 billion annually from formal employment. That figure should not be misunderstood as $730 billion flowing into India. It is an estimate of the income earned by the diaspora in the countries where they live and work. The more interesting question is therefore not, “How much money do Indians abroad earn?” It is: How much of that economic power can become productive engagement with
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