Indian diaspora has a decisive role to play in the politics and economy of America and European Countries.’ Comment with examples.
Indian diaspora comprised approximately 31 million people, of which PIOs were 17 million and NRIs were 13 million, spread across 146 countries in the world. Playing a Decisive Role: Economic Implications: USA: ● The Indus Entrepreneur and Silicon Valley Bank had brought two delegations of Venture capital companies to explore potential investment opportunities. ● Some Venture capitalists of Indian origin in the US have funded Indian R&D companies who are likely to produce Intellectual Property and innovative products in the areas of wireless technology, semiconductor design technology. West Bridge Capital, Kleiner Perkins Caulfied & Byers and Norwest Venture Group are the best examples in this regard. Europe: ● Nand Kumar Kurup, an IIT-Delhi alumnus, runs a fashion company Ince Global in Milan which he set up in 2007. ● Ranjit Singh, who went to Italy from Punjab in 1993, now runs an auto parts factory in the north Italian city of Cremona and employs 30 workers –– all of whom ar...