Today there are more than 25 million people of Indian heritage living outside of India, making this the second largest expatriate group in the world after the Chinese. Though people of Indian descent have long been in Canada and the United States, it was only in the 1980s during the second Indian Diaspora that their numbers began to grow significantly.
The 2010 U.S. census reported that the Indian population of the United States was over 2.8 million, up over 69 percent since the 2000 census. In Canada, there are an estimated 1.3 million Indian residents, and their population has grown about 35 percent over the last five years.
What does this mean for your business? People of the Indian Diaspora actively maintain their social, familial and business ties to India. To be on one side is to be connected with the other. As a global agent, you should be aware of the ways in which Indian economic power intersects with North American markets. As the world becomes flatter and selling becomes more global, India could become a larger factor—both inbound and outbound—in your business.
This issue of Global Perspectives looks at the many ways people of Indian descent are investing in North American real estate. A newer phenomenon is also examined: Indians living in the U.S., Canada and elsewhere interested in acquiring property in India—a growing trend with positive implications for your global business. Read on to learn more!