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The overseas dividend

October 24, 2024
The Indian economy will grow rapidly in the new year, with a GDP growth of 7.4% in 2025-26 surprising the world.

नए साल में नई तेजी से बढ़ेगी भारतीय अर्थव्यवस्था 2025-26 में 7.4 फीसदी जीडीपी से चौंकेगी दुनिया

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साल 2026 में इसरो का प्लान तैयार

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यूनुस का उदारवाद बेनकाब!

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सरकार ने श्रम संहिता के नियमों का मसविदा जारी किया

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Ban on tablets containing painkiller Nimesulide in doses exceeding 100 mg

100 मिग्रा से अधिक की दर्दनिवारक नीमेसुलाइडयुक्त टेबलेट पर रोक

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यूरोपीय संघ का कार्बन कर शुरू, भारत को होगा नुकसान

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5000 रुपये में करें अपनों को 1 करोड़ की प्रॉपर्टी गिफ्ट

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By January 30, every district in the state will have a state-of-the-art digital library.

30 जनवरी तक राज्य के हर जिले में होगी अत्याधुनिक डिजिटल लाइब्रेरी

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Every person in the state will get the benefit of government schemes.

प्रदेश के हर व्यक्ति को मिलेगा सरकारी योजनाओं का लाभ

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Kashi Trust released the list of 43 fasts and festivals.

काशी ट्रस्ट ने जारी की 43 व्रत-पर्वों की सूची

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The overseas dividend

Indian communities across the globe are rising powerhouse that influence policy and work across sectors in the adopted countries. They are one of the greatest resources for India

by Blitz India Media
October 24, 2024
in Opinion
overseas
K Srinivasan

NOW here’s the takeaway: the Google antitrust case in the District of Columbia was heard by Judge Amit P Mehta (born in Patan in Gujarat) with some of the main testimony being provided by Satya Nadella who heads Microsoft that owns Google’s principal search engine rival, Bing. Nadella, son of an IAS officer was raised in Hyderabad and went on to fulfil the great American dream in Silicon Valley.

And the defendant was Sundar Pichai, born and raised in Chennai and now the head of Alphabet Inc, the parent company of Google. But why should it be surprising? As the New York Times reported in July, “It comes alongside another first for Indian Americans: They recently surpassed Chinese Americans to become the largest Asian group in the United States among people who identify with one country of origin, according to a census report released last year.”

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The newspaper then went on to say, “When Senator JD Vance became Donald J Trump’s running mate … on the Republican presidential ticket, it also marked the first time that an Indian American and practising Hindu, Usha Vance, stood to become a vice-presidential spouse. That cemented a remarkable reality: at the current moment, a woman of Indian descent will either serve another term in the White House or be the second lady…. ……. And there are now five Indian American members of Congress and nearly 40 Indian Americans in state legislatures — the highest number of any Asian origin group in the country, according to AAPI Data, an organization that collects data about Asian Americans.” And not to leave out two Presidential candidates of Indian origin in the Republican primary field—Niki Haley and Vivek Ramaswamy.

But what is happening in the US, in terms of rising diaspora clout both within industry and politics, is slowly being replicated across the globe. As the BBC reported, “with full-time employees earning a median monthly wage of €4,974 (£4,253; $5,416), Indians now rank as the top immigrant earners in Europe’s largest economy…. according to the UN, around 18 million Indians now live overseas, in places including North America, Europe, the Middle East and other parts of Asia, such as Malaysia and Singapore. Economists say that amid this growth, the economic power of Indians has spread beyond their native borders, leaving a major global economic mark. …According to the Reserve Bank of India, the bank accounts of non-resident Indians (NRIs) held in the country received $7.99bn (£6.27bn) between April 2022 and March 2023 – more than twice the $3.23bn (£2.54) in the prior fiscal year.’’

Indians in the Gulf In the Gulf, it is a similar story. The Indian community in the Gulf Cooperation Council (GCC) countries is close to around 8.5 million and one of the most influential and largest diaspora segments. What is unique about this Indian community is its discipline, relatively crime-free persona, and widely spreadout matrix in terms of the professions – from blue-collar workers to highly skilled professionals and globetrotting industrialists, the diaspora has them all. In each of the GCC countries, they are the number one expat. What is also helping this expat community is the fact that India has absorbed an enormous number of foreigners across multiple industries over the last decade.

What is happening in the US, in terms of rising diaspora clout both within industry and politics, is slowly being replicated across the globe.

Salaries in India match and sometimes excel what one can make overseas which is what draws educated men and women across Europe and America to come and work in India. Industries in Noida, Greater Noida and across Tamil Nadu, Karnataka, Maharashtra and Gujarat are full of these expats.

It is an interest that is only bound to grow over the years. It is also inevitable that Indians, both in North America and Europe, will work overtime to expand their political reach. One of the great positives of the fallout with Canada is the realisation in a large segment of the diaspora that they should not allow any one segment to run away with the narrative or the political muscle power.

They are seeing the consequences in Canada and having learnt from it will ensure that it is never repeated. Indian leaders also realise their strength, and that’s why they woo them assiduously every time they’re overseas

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The Indian economy will grow rapidly in the new year, with a GDP growth of 7.4% in 2025-26 surprising the world.

नए साल में नई तेजी से बढ़ेगी भारतीय अर्थव्यवस्था 2025-26 में 7.4 फीसदी जीडीपी से चौंकेगी दुनिया

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प्रख्यात पर्यावरण वैज्ञानिक माधव गाडगिल का निधन

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Ban on tablets containing painkiller Nimesulide in doses exceeding 100 mg

100 मिग्रा से अधिक की दर्दनिवारक नीमेसुलाइडयुक्त टेबलेट पर रोक

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Make videos of those who damage government property viral

5000 रुपये में करें अपनों को 1 करोड़ की प्रॉपर्टी गिफ्ट

January 10, 2026
By January 30, every district in the state will have a state-of-the-art digital library.

30 जनवरी तक राज्य के हर जिले में होगी अत्याधुनिक डिजिटल लाइब्रेरी

January 10, 2026
Every person in the state will get the benefit of government schemes.

प्रदेश के हर व्यक्ति को मिलेगा सरकारी योजनाओं का लाभ

January 10, 2026
Solve traffic jams by creating wedding zones

वेडिंग जोन बनाकर जाम का करें समाधान

January 10, 2026
Kashi Trust released the list of 43 fasts and festivals.

काशी ट्रस्ट ने जारी की 43 व्रत-पर्वों की सूची

January 10, 2026

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