14.4 Future of Indian diaspora in global governance and economy

Indian diaspora leaders are making waves in global governance. From UN roles to World Bank positions, they're shaping policies that impact India and the world. Their voices are heard at G20 summits and climate talks, pushing for fair solutions.

These influential Indians also act as bridges between countries. They boost trade, showcase Indian culture, and engage in informal diplomacy. Their impact extends to the global economy, driving tech innovation and entrepreneurship while supporting development back home.

Indian Diaspora in Global Governance

Diaspora influence in global forums

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Top images from around the web for Diaspora influence in global forums

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  G20 and international economic policy coordination - Asia Pathways View original

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  Power and legitimacy of the G20 in a multilateral governance system | Heinrich Böll Stiftung View original

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• Increasing presence in leadership positions enables Indian diaspora to shape policies and decisions
  • United Nations (UN) leadership roles advocate for Indian interests on global stage
  • World Bank and International Monetary Fund (IMF) positions influence economic policies impacting India
• Participation in global forums and summits amplifies Indian voices and perspectives
  • G20 summits provide platform to discuss key issues affecting India and the world
  • World Economic Forum (WEF) meetings offer opportunities to network and influence global leaders
• Advocacy for Indian interests and perspectives in international negotiations and agreements
  • Climate change negotiations push for equitable solutions considering India's development needs
  • Trade agreements lobby for favorable terms for Indian businesses and industries
  • Human rights issues highlight challenges faced by Indian communities and advocate for their protection

Diaspora as diplomatic bridges

• Facilitating bilateral trade and investment by connecting Indian and host country businesses
  • Leveraging cultural understanding and networks to navigate business landscapes
  • Identifying market opportunities and facilitating entry into new markets
• Promoting cultural diplomacy to enhance understanding and appreciation of Indian culture
  • Organizing cultural events and exchanges (film festivals, art exhibitions)
  • Showcasing Indian art, music (classical and contemporary) and cuisine to global audiences
• Engaging in track II diplomacy to support official diplomatic efforts
  • Participating in informal dialogues and negotiations on sensitive issues
  • Building trust and understanding between countries through people-to-people connections

Indian Diaspora in the Global Economy

Global impact of diaspora innovation

• Leadership in technology and innovation drives global progress and economic growth
  • Silicon Valley startups and tech giants (Google, Microsoft) led by Indian diaspora shape global tech landscape
  • Research and development in STEM fields (healthcare, renewable energy) advance scientific knowledge
• Entrepreneurship and business creation generate employment and economic opportunities
  • Small and medium enterprises (SMEs) founded by Indian diaspora contribute to local economies
  • Transnational business networks connect Indian businesses to global markets and resources
• Remittances and investment flows support economic development in India and host countries
  • Supporting economic development in India through remittances and investments in infrastructure projects
  • Funding social and philanthropic initiatives (education, healthcare) in India and host countries
• Knowledge and skill transfer strengthen human capital and capabilities
  • Mentoring and training programs support skill development and knowledge sharing
  • Collaborations with Indian institutions (universities, research centers) foster innovation and research

Diaspora in future governance

• Challenges require careful navigation and strategic approaches
  1. Balancing loyalty to India and host countries in policy positions and advocacy efforts
  2. Navigating geopolitical tensions and conflicts (border disputes, trade wars) with sensitivity
  3. Overcoming stereotypes and discrimination faced by Indian communities in host countries
• Opportunities to shape a more inclusive and sustainable future for all
  • Advocating for inclusive and equitable policies that benefit Indian communities and beyond
  • Promoting sustainable development goals (SDGs) and aligning efforts with global priorities
  • Fostering international cooperation and understanding through dialogue and partnerships
  • Leveraging diversity and multicultural perspectives to enrich policy discussions and solutions