Diaspora and Development

Abstract

Diasporas can play an important role in the economic development of their countries of origin. Beyond
their well-known role as senders of remittances diasporas can also promote trade & foreign direct
investment create businesses and spur entrepreneurship and transfer new knowledge and skills. Although
some policymakers see their nationals abroad as a loss, they are increasingly realizing that an engaged
Diaspora can be an asset -or even a counter weight to the emigration of skilled and talented migrants.
The Indian Diaspora is a genetic term to describe the people who migrated from terrorists that are
currently within the borders of the republic of India. It also refers to their descendants. The Diaspora is
currently estimated to number over twenty million composed of NRI’s and PIO’s. The Diaspora covers
practically every part of the world. It numbers more than a million a million each in eleven countries,
while as many as twenty two countries have concentrations of at least a hundred thousand ethnic Indians.
The Diaspora is very special to India. Resending in distant lands, its members have succeeded
spectacularly in their chosen professions by dint of their single-minded dedication and hard work. What is
more they have retained their emotional, cultural and spiritual links with the country of their origin. This
strikes a reciprocal chord in the hearts of people of India.