The staggering economic impact of the Indian diaspora

The Staggering Economic Impact of the Indian Diaspora The Indian diaspora has been making waves across the globe, not only in terms of culture and diversity but also through their significant economic contributions. As high-earning Indians settle abroad, they are infusing billions into local economies, leaving a lasting impact on the countries they reside in. The Indian diaspora is no small force. With an estimated 18 million people living outside of India, it is one of the largest diaspora populations in the world. Indians have migrated to countries such as the United States, the United Kingdom, Canada, Australia, and the United Arab Emirates, among others, seeking better career opportunities, education, and living standards. This migration has proven to be a win-win situation for both the diaspora and their adopted countries. Indians abroad have found success in various fields, including business, medicine, technology, academia, and the arts, elevating their financial status and making significant contributions to the economies they are a part of. One of the most striking aspects of the Indian diaspora's economic impact is their high-earning power. Indians abroad tend to occupy positions in top-tier industries, earning above-average incomes. According to data from the US Census Bureau, Indian-Americans have the highest median household income among all ethnic groups in the United States. In the UK, Indians have one of the highest average earnings among ethnic minority groups. This high-earning power translates to increased consumer spending, investments, and philanthropic activities within their