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Diaspora Engagement and Development in South AsiaFrom Germany to India: The Role of NRIs and PIOs in Economic and Social Development Assistance

Diaspora Engagement and Development in South Asia: From Germany to India: The Role of NRIs and... [The Non-Resident Indian (NRI) and People of Indian Origin (PIO) population in Germany is one of the less prominent Indian diaspora communities. Despite its comparatively small size of only about 65,000–75,000 persons, this group plays a significant role in economic and social development assistance from Germany to India. It does so in many different ways. One of the most direct forms of economic support is the transfer of workers’ remittances. In 2010 alone, more than USD 500 million have been sent from Germany to India as remittances, which is particularly impressive given the relatively small size of the Indian population in the country. Another important way of economic engagement involves all sorts of foreign direct investments (FDI) and Indo-German business entrepreneurship in India. Here, the NRI and PIO population has helped in setting up some of the most central supporting organizations, particularly the Indo-German Chamber of Commerce (IGCC) which has been and continues to be of prime importance for the development of good business relations between India and Germany. A less formal, recently established business network is the German-Indian Round Table (GIRT). Another means of development assistance can be found in a plethora of German charity organizations that deal with economic and social challenges in India, mainly with regard to poverty alleviation.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Diaspora Engagement and Development in South AsiaFrom Germany to India: The Role of NRIs and PIOs in Economic and Social Development Assistance

Part of the International Political Economy Series Book Series
Editors: Yong, Tan Tai; Rahman, Md Mizanur
Gottschlich, Pierre
Diaspora Engagement and Development in South Asia — Nov 7, 2015
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20 pages

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References (6)

Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2013
ISBN
978-1-349-46273-5
Pages
20 –40
DOI
10.1057/9781137334459_2
Publisher site
See Chapter on Publisher Site

Abstract

[The Non-Resident Indian (NRI) and People of Indian Origin (PIO) population in Germany is one of the less prominent Indian diaspora communities. Despite its comparatively small size of only about 65,000–75,000 persons, this group plays a significant role in economic and social development assistance from Germany to India. It does so in many different ways. One of the most direct forms of economic support is the transfer of workers’ remittances. In 2010 alone, more than USD 500 million have been sent from Germany to India as remittances, which is particularly impressive given the relatively small size of the Indian population in the country. Another important way of economic engagement involves all sorts of foreign direct investments (FDI) and Indo-German business entrepreneurship in India. Here, the NRI and PIO population has helped in setting up some of the most central supporting organizations, particularly the Indo-German Chamber of Commerce (IGCC) which has been and continues to be of prime importance for the development of good business relations between India and Germany. A less formal, recently established business network is the German-Indian Round Table (GIRT). Another means of development assistance can be found in a plethora of German charity organizations that deal with economic and social challenges in India, mainly with regard to poverty alleviation.]

Published: Nov 7, 2015

Keywords: Foreign Direct Investment; Development Assistance; Indian Community; Social Project; Indian Immigrant

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