Introduction
India is the largest country of source of international migrants with around 18 million Diaspora’s athwart the world and generating earnings with the estimation to be around $250 million and not only this they are actually helping in raising the Indian Economy, as per the 2020 UN report. “Diaspeirein” was a Greek word through which the word ‘’Diaspora” was derived which means dispersion. The Indian Diaspora in today’s time is affluent and by this the development in India is certainly increasing. It is adding in India by the by the means of remittances which added up to $70 million in the last year and importantly in the states like Punjab, Kerala, etc. 3%-4% of the GDP is forming by this and it is helpful in India’s Balance of Payment. Together with FDI, India shows off being in front receiver of remittances, above 8% GDP was raised. Apart from remittances, investment, lobbying, encouraging Indian culture in abroad and for building a good image of India by showing out the intelligence and industry are also adding into India.

Importance of Indian Diaspora
Economic Front:

  • In every developed country, it is the richest minority of Indian Diaspora, it helped in lobbying regarding India’s interests for favorable conditions. Let’s take an example, as per the pew survey, 2013, just 1% of around 3 million Indians of the U.S. population is there nut they are the richest and educated minority.
  • The disguised unemployment was brought down by the help of the relocation of less-skilled labor.
  • As far as there is a web of cross-national networks, there is a flow of implicit information, commercial ideas or technologies into India by the migrant workers.

Political front:

  • In many countries, people from India upholds great political positions in many countries across the world, Indians are now an important part of Republicans or Democrats in the U.S.
  • The estimation of the power of India’s Diaspora can be taken out by the fact of their role of playing to turn around the doubtful legislators to be favorable for India in the nuclear deal of U.S.

Foreign Policy Front:

  • Indian Diaspora also works as a vote bank which is wholly transferrable.
  • The organization of the diplomacy of Indian Diaspora indicates that it is significant for foreign policy’s interest and government associated activities.

Challenges of Indian Diaspora

  • Indian Diaspora had heterogeneous demands from the government of India. Some wanted to look to India on cultural grounds, some for welfare issues while other wealthier states wanted to see the investment opportunities.
  • Indian community suspected the crime with the rise of Anti-Globalization.
  • With west Asia instability caused fear in the Diaspora that they might have to return back and remittances curtailed. There was a semi-skilled Diaspora in West Asia and they might have to return as the infrastructure had a boom and may get over India.
  • For the Diaspora, Indian system was not sufficient to collaborate with India or to invest in the same. For example, complaints like red tape, distrust of government are performing as a barrier in satisfying opportunities presented by Indian Diaspora.
  • It is not necessary every time that having a strong Diaspora will always be helpful for the country. It definitely created many hindrances and difficulties for it. For instance, there were problems regarding foreign funding, separatists like Khalistan Movements.


How India can go ahead?

There can be many requisite strategies which can be used to forward India’s potential:

  • There should be the formulation of NRI policy wherein to know more about the income tax revenues the government should work with the developed countries.
  • There is a dire need for a strategic Diaspora evacuation policy from conflicting nations in a world where calamity happens without any warning and provides very little reaction time for governments.
  • India’s foreign policy targets to translate partnerships to get proceeds for big projects like Swachh Bharat, Clean Ganga, Make In India, Digital India, and Skill India, the Diaspora has a lot of scope to contribute.
  • Visiting Advanced Joint Research Faculty scheme which looks forward to create a rotation programme wherein top NRI scientists, engineers, doctors, managers and professionals serve Indian public division organizations for a short period, providing their expertise- is a step in the right direction.
  • Advancement in ease of doing business will run long in generating investments from the Indian Diaspora.

Conclusion
India is on the lead in the case of Indian Diaspora’s across the world. They are helping India to develop more but still follow up with some hindrances which one needs to fix. Millions of people go to abroad and students who get the education from abroad end up having a good amount of earning that means when they will come back to India, their expertise skills would be helpful for the country. If apt infrastructure is built, the future of this nation would be bright and there will be huge economic development in India.

Know More: Income tax for NRI’s