With India’s economy growing at roughly 8 % a year, India’s influence would only continue to strengthen. Most economists predict that by 2025 the country will outstrip Japan to become the world’s third-largest economy.

India is more dynamic than any other major country in demographic terms too. It’s population today is second only to China’s population, and thanks to the China’s one-child policy, India’s numbers are expected to surpass those of China by the late 2020. Being home to the world’s second-largest contingent of English speakers, the nation is destined to step into first place, ahead of the United States, by 2020.

What has been contributing to India’s growth is its population.

The diaspora remains one of India’s most important sources of foreign capital. India is the world's leading receiver of remittances, claiming more than 12% of the world's remittances in 2015. Remittances to India went up to US$68.91 billion in 2015, which is over 4% of the country's GDP. As per the Ministry of Overseas Indian Affairs (MOIA), remittance is received from the approximately 25 million members of the Indian diaspora.

Mauritius, USA, Singapore, the United Arab Emirates, and the U.K. have large, established Indian communities and -Indian-run companies that are particularly active in electronics and software.

The Indian diaspora began when Indian workers had to go out of the British Empire during the late 18th century. The frequency increased when Britain abolished slavery in 1834. This led to  a major demand for labor around the globe. Indians took this opportunity.

Although many eventually returned home, others stayed in their new countries, and in many cases became integral parts of the national economy. Some rose to skilled positions in the colonial civil service and military, while others became businessmen, teachers, doctors, and moneylenders.

In the United States, where the Indian diaspora represents around  1.25 % of the population as per the year 2015 data. Indians’ presence in the world of business is no less notable. ‘Indian Americans’ is the richest ethnic group in the United States, earning a median income of $100,547 in 2013, according to data from the U.S. Census Bureau, as compared to $51,939, which was the median income for all Americans during the same period.

Indians entered foreign lands with their own culture and that too is spreading into the general population wherever they go. Today, over two million Brits enjoy at least one Indian meal per week and on-screen entertainment from India has permeated the global market. Bollywood movie’s foreign sales have become significant in recent years, with the large markets in the dominant diaspora countries.

Today, Bollywood film industry second only to Hollywood itself. In fact, India beats the rest of the world in the number of movies made and tickets sold, and industry sources estimate that as many as a third of ticket buyers in the West are non-Indians.

If we see the list of Indians heading the foreign companies, we will come to know how far Indian diaspora has reached. The list starts with Mr. Nadella of Microsoft, Sundar Pichai CEO of Google, Indra Nooyi CEO of PepsiCo Inc., Anshu Jain Co-CEO of Deutsche Bank AG, Ajay Banga CEO of MasterCard Inc., along with Shantanu Narayen- CEO of Adobe Systems, Nikesh Arora - chief business officer at Google Inc., Ajay Waghray, chief information officer of Verizon Enterprise Solutions,  Harmit Singh at Levi Strauss & Co; The list goes on & on.

Seeking to position India as global provider of talent, Prime Minister Narendra government is stressing on mapping of human resources to develop region specific talents and making the nation a services exports hub.

He also pitched for making India a hub for global arbitration and asked lawyers not to be scared of foreign competition.