Role of Diaspora in socio-economic development of India: [Essay Example], 412 words GradesFixer
exit-popup-close

Haven't found the right essay?

Get an expert to write your essay!

exit-popup-print

Professional writers and researchers

exit-popup-quotes

Sources and citation are provided

exit-popup-clock

3 hour delivery

exit-popup-persone
close
This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Role of Diaspora in Socio-economic Development of India

Download Print

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

blank-ico
Download PDF

Remittances – The principal focus with respect to the economic effects of Diaspora on the country of origin has been on their substantial financial contributions through remittances – private transfers from migrants to their families. According to the World Bank remittances can (i) reduce recipient household poverty, with spill over to other households; (ii) increase investment in education and health as well other productive activities; (iii) reduce child labour; and (iv) increase entrepreneurship.

Investment -Beyond remittances, Diasporas contribute to the economic development of their country of origin through Foreign Direct Investment (FDI) and transnational entrepreneurship, including support for entrepreneurs, start-ups and small businesses in the country of origin. They may be more likely to invest in economics that others would consider high-risk, simply because they have better knowledge and relationship opportunities that other investors lack. Diaspora investments may be guided not only by profit motives but also by long run considerations of establishing a base in the countries of their origin. They are likely to be better informed on the capabilities and requirements of domestic labour and the sort of training local labour requires. Third, quite often the factors which influenced the Diaspora to migrate from their homelands may influence the extent of their involvement and contribution to the development of their countries of origin.

Diasporas’ Knowledge Transfer – The constructive contributions of Diasporas to development in their country of origin are transfer of acquired knowledge. These Diasporas are a great source of transfer of technical knowledge and skills in the form of ‘brain gain’. Where knowledge exchange is concerned, Diaspora members can act as important interlocutors between the technology and country of origin. They can contribute these through not only permanent repatriation but also through short- term return.

Diaspora Philanthropy – One of the most important ways that Diaspora contributes to their countries of origin is through philanthropic engagement in many areas. Philanthropy has a pivotal role to play in advancing global equity.

Diaspora Advocacy – Diaspora organizations (and sometimes even individuals) are seen to be getting increasingly vocal and influential in their countries of origin and of settlement. They increasingly seek to influence government, media, corporate sector and other prominent groups and are therefore speaking up on a range of issues affecting their homeland.

Increase demand for Indian goods abroad – Diaspora has catalyzed the demand of Indian goods in their countries of settlement. The goods range from food, fashion to Indian entertainment industry. This has increased Indian export especially of handloom and handicraft sector.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism free

Sources and citations are provided

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

Role of Diaspora in socio-economic development of India. (2019, January 28). GradesFixer. Retrieved November 29, 2020, from https://gradesfixer.com/free-essay-examples/role-of-diaspora-in-socio-economic-development-of-india/
“Role of Diaspora in socio-economic development of India.” GradesFixer, 28 Jan. 2019, gradesfixer.com/free-essay-examples/role-of-diaspora-in-socio-economic-development-of-india/
Role of Diaspora in socio-economic development of India. [online]. Available at: <https://gradesfixer.com/free-essay-examples/role-of-diaspora-in-socio-economic-development-of-india/> [Accessed 29 Nov. 2020].
Role of Diaspora in socio-economic development of India [Internet]. GradesFixer. 2019 Jan 28 [cited 2020 Nov 29]. Available from: https://gradesfixer.com/free-essay-examples/role-of-diaspora-in-socio-economic-development-of-india/
copy to clipboard
close

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.

    close

    Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec

    Recieve 100% plagiarism-Free paper just for 4.99$ on email
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample
    close

    Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you

    close

    Thanks!

    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now
    boy

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer

    GradesFixer.com uses cookies. By continuing we’ll assume you board with our cookie policy.