Indiaspora’s new report emphasizes the evolving role of the Indian diaspora in accelerating India’s goal of becoming a developed nation by 2047.
Indiaspora has released a significant report that underscores the transformative role of the global Indian diaspora in advancing India’s vision of becoming a developed nation by the year 2047. This report, titled *India and its Diaspora: Partners in Progress*, highlights how the diaspora is evolving from a traditional source of remittances into a formidable force contributing to India’s economic and cultural growth.
With over 35 million individuals of Indian heritage residing in more than 200 countries and an estimated annual income of $730 billion, the Indian diaspora stands as the largest and one of the most influential communities worldwide. The report examines the diaspora’s expanding influence across various sectors, including business, culture, philanthropy, innovation, and the arts, emphasizing its role in shaping India’s future.
Historically, remittances were the primary connection between the diaspora and India. However, the report reveals that engagement has deepened significantly. Today, diaspora leaders are not only sending money back home but are also contributing investment, knowledge, technology partnerships, and global networks. These contributions are vital for strengthening India’s economic growth, enhancing its innovation ecosystem, and bolstering its international standing.
The report also reflects the diaspora’s optimism and eagerness to engage with India’s future. Survey respondents expressed confidence in their ability to contribute positively, envisioning a future where India ranks among the world’s leading economies by 2047. They aspire to see a nation that drives global innovation, reduces inequality, and ensures a high quality of life for its citizens.
Despite this optimism, the report identifies structural barriers and inefficiencies that hinder deeper engagement from the diaspora. Drawing insights from over 200 leaders across 24 countries, it offers practical recommendations for both Indian policymakers and diaspora leaders to foster greater collaboration and achieve long-term impact.
While previous studies have documented the diaspora’s contributions, *Partners in Progress* is the first comprehensive report focused on actionable strategies to enhance diaspora engagement across economic, cultural, social, and philanthropic domains. This report builds on Indiaspora’s earlier Impact Reports produced in collaboration with the Boston Consulting Group (BCG). The first report, *Small Community, Big Contributions* (2024), highlighted the significant impact of Indian Americans across various fields, including business, science, philanthropy, politics, and the arts. The second report, *From Ancient Legacy to Modern Triumphs: The Indian Diaspora in the UAE* (2025), documented the remarkable growth and influence of the Indian community in the United Arab Emirates.
MR Rangaswami, Founder and Chairman of Indiaspora, stated, “In 1991, India opened its doors to the world. Today, the world is knocking on India’s door. At this inflection point, India has the opportunity to unlock the power of a 35-million-strong diaspora, bringing capital, capability, and credibility as true partners in India’s journey to 2047.”
Sanjeev Joshipura, Executive Director of Indiaspora, added, “India @100 is an inspiring vision not just for the people of India, but for the 35 million members of the Indian diaspora that live elsewhere. In the countries we call home, we create positive outcomes for society, serve as cultural ambassadors, and build a bridge between our country of residence and India. The diaspora are working hand in hand with India to help shape its future.”
The report features insights from distinguished leaders, including Indra Nooyi, former Chairman and CEO of PepsiCo; Romesh Wadhwani, Chairman of the Wadhwani Foundation; and Vinod Khosla, Founder of Khosla Ventures, among other notable figures.
Indiaspora is a nonprofit organization that unites powerful global Indian leaders from diverse backgrounds and professions. The organization is dedicated to inspiring the diaspora to be a force for positive impact by providing a platform for collaboration, engagement, and social change.
According to Indiaspora, the report serves as a crucial step in harnessing the potential of the Indian diaspora to contribute to India’s ambitious goals for the future.