100 Billion and Beyond : From Silicon Valley to Bollywood. Quantifying the Economic Impact of NRIs on India
There are over 29 million Indians settled abroad, comprising the world's largest overseas diaspora. Every year 2.5 million Indians migrate overseas, with countries like the USA, UAE, Canada and Malaysia being the prime destinations. But recently Europe is emerging, having more than 2.8 million Indians. Due to low population and shortage of skilled workers in countries such as New Zealand, Germany, Italy, and other EU countries, Indians have been actively migrating to these countries. NRIs amount to only 1% of India’s population, but they contribute 3.4% to India's GDP, without even living in the country. India has seen a significant increase in remittances since 1991 and is still growing at a steady pace. Remittances increased significantly from 2016 ($62.75 billion) and 2017 ($68.97 bill...









