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India Independence: Diaspora power - From remittances to diplomacy, overseas Indians script India's


Earlier this year, when India was battling a "once-in-a-century crisis" in the form of the second wave of COVID-19 pandemic, two aid groups in the US—led by people of Indian origin—raised more than $25 million towards assisting the country's strained health care system.


In the UK, three Hindu temples raised more than 6,00,000 pounds ($8,30,000). Sikhs, similarly, donated $700-$2,000 to each of dozens of people in need of oxygen cylinders back home.


For decades now, India's large and vibrant diaspora has been leveraging its wealth, political clout and expertise to steer the country's economic growth, while seamlessly integrating with the countries of their adoption.


The largest expat community in the world, nearly 18 million Indians are living outside their homeland as of 2020, according to the United Nations, with United Arab Emirates (UAE), the US and Saudi Arabia hosting the largest Indian diaspora populations. India has also retained its position as the largest recipient of remittances- money transfers from non-resident Indians (NRIs) and People of Indian Origin (PIOs) employed outside the country to family, friends or relatives living in India


According to a World Bank report, India's remittances in 2020 reached over $83 billion, despite a pandemic that pushed global economic growth off its course. The country had received $83.3 billion in remittances in 2019.


In contrast, China—which ranks second—received $59.5 billion in remittances in 2020 against $68.3 billion the previous year.


Read More at https://www.wionews.com/india-news/india-independence-diaspora-power-from-remittances-to-diplomacy-overseas-indians-script-indias-success-story-405316

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