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Economy and the Diaspora

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GO INDIA, GO!! The Indian Diaspora is smaller in size compared to the Chinese Diaspora. India's Diaspora is estimated at 20 million compared to China's 55 million.

While the Indian Diaspora may not have contributed economically to the growth of India in a big way, it has always pushed for liberalization and the ushering of a global outlook in Indian companies. In the past, the Diaspora has been critical of India's growth policies and its liberalization process.

But now, with the 'feel good' factor back in India, the Diaspora is rooting for India like never before.

Though investments have to still come in from them, eminent Persons of Indian Origin say that there has never been a better time to come back to India.

At the second Pravasi Bharatiya Divas in New Delhi, a panel comprising of businessman Lord R K Bagri, Bharti Enterprises Chairman Sunil Mittal, Economist Lord Meghnad Desai and Former Standard Chartered Bank CEO Rana Talwar discussed the issue of 'Globalization, Indian economy and the Diaspora.'

(L-R) Rana Talwar, Chairman, Sabre Capital; Sunil Mittal, Chairan, Bharti Enterprises; Ashok Lahiri, Economic Advisor to Finance Minister; Lord Meghnad Desai, eminent economist; Y K Modi, President, FICCI; N Venkatachalam, Managing Director, State Bank of India; and Lord R K Bagri, Chairman, Metdist Group of Companies, at the Pravasi Bhartiya Divas in New Delhi on Saturday.

Photos: Ranjan Basu/ Saab Press | Words: Priya Ganapati

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Also see: Think Asia, Think India!

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