Role of Diaspora in the Socio-Economic Development of India substantial through remittances – private transfers from migrants to their families. . According to the World Bank, remittances can (i) reduce poverty among beneficiary households, with knock-on effects for other households; (ii) increase investments in education and health as well as other productive activities; (iii) reduce child labor; and (iv) increase entrepreneurship. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayInvestment – Beyond remittances, diasporas contribute to the economic development of their home countries through investments foreign direct investment (FDI) and transnational entrepreneurship, including support for home country entrepreneurs, start-ups and small businesses. They may be more likely to invest in economic sectors that others would consider high risk, simply because they have better knowledge and relational opportunities that other investors lack. Diaspora investments may be driven not only by profit motives, but also by long-term considerations related to establishing a base in home countries. They are likely to be better informed about the capabilities and requirements of the domestic workforce as well as the type of training required by the local workforce. Third, often the factors that pushed the diaspora to leave their country of origin can influence the extent of their involvement and contribution to the development of their country of origin. Diaspora Knowledge Transfer - The constructive contributions of diasporas to the development of their countries of origin. are the transfer of acquired knowledge. These diasporas constitute a great source of transfer of knowledge and technical skills in the form of a “brain gain”. When it comes to knowledge exchange, members of the diaspora can act as important interlocutors between technology and the country of origin. They can contribute not only through permanent repatriation, but also through short-term return. Diaspora Philanthropy – One of the most important ways in which the diaspora contributes to its home country is through its philanthropic engagement in many areas. Philanthropy has a central role to play in promoting global equity. Diaspora Advocacy – Diaspora organizations (and sometimes even individuals) appear increasingly vocal and influential in their countries of origin and settlement. They increasingly seek to influence government, the media, the business sector and other important groups and therefore speak out on a range of issues affecting their country. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get Custom EssayIncrease the demand for Indian products abroad – The diaspora has catalyzed the demand for Indian products in their countries of settlement. Products range from food, fashion to the Indian entertainment industry. This increased Indian exports, especially those in the handloom and handicraft sector..

Essay / Role of Diaspora in the Socio-Economic Development of India substantial through remittances – private transfers from migrants to their families. . According to the World Bank, remittances can (i) reduce poverty among beneficiary households, with knock-on effects for other households; (ii) increase investments in education and health as well as other productive activities; (iii) reduce child labor; and (iv) increase entrepreneurship. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayInvestment – Beyond remittances, diasporas contribute to the economic development of their home countries through investments foreign direct investment (FDI) and transnational entrepreneurship, including support for home country entrepreneurs, start-ups and small businesses. They may be more likely to invest in economic sectors that others would consider high risk, simply because they have better knowledge and relational opportunities that other investors lack. Diaspora investments may be driven not only by profit motives, but also by long-term considerations related to establishing a base in home countries. They are likely to be better informed about the capabilities and requirements of the domestic workforce as well as the type of training required by the local workforce. Third, often the factors that pushed the diaspora to leave their country of origin can influence the extent of their involvement and contribution to the development of their country of origin. Diaspora Knowledge Transfer - The constructive contributions of diasporas to the development of their countries of origin. are the transfer of acquired knowledge. These diasporas constitute a great source of transfer of knowledge and technical skills in the form of a “brain gain”. When it comes to knowledge exchange, members of the diaspora can act as important interlocutors between technology and the country of origin. They can contribute not only through permanent repatriation, but also through short-term return. Diaspora Philanthropy – One of the most important ways in which the diaspora contributes to its home country is through its philanthropic engagement in many areas. Philanthropy has a central role to play in promoting global equity. Diaspora Advocacy – Diaspora organizations (and sometimes even individuals) appear increasingly vocal and influential in their countries of origin and settlement. They increasingly seek to influence government, the media, the business sector and other important groups and therefore speak out on a range of issues affecting their country. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get Custom EssayIncrease the demand for Indian products abroad – The diaspora has catalyzed the demand for Indian products in their countries of settlement. Products range from food, fashion to the Indian entertainment industry. This increased Indian exports, especially those in the handloom and handicraft sector..

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