Answer: 

Introduction:

India and South East Asia have shared a long history of economic, cultural, and trading ties since the Chola period. The Indian diaspora in the region has contributed significantly to its economy and society. Moreover, India’s trade with South East Asia accounts for approximately 10.2% of all Indian trade, indicating the region’s economic and strategic importance.

Body:

Role of Indian diaspora in South-East Asian countries and its significance:

• Economic contribution: The Indian diaspora has made a significant contribution to the economic development of Southeast Asia. Many Indian businessmen have established successful companies in the region, creating job opportunities and stimulating economic growth. Example, the Tata group, one of India’s largest conglomerates, has invested heavily in Southeast Asia and has a presence in industries such as automotive, steel, and hospitality.
• Cultural exchange: The Indian diaspora has played a crucial role in fostering cultural exchange between India and Southeast Asia. Indian culture has influenced Southeast Asian cultures, and vice versa, resulting in a unique fusion of the two. Ramayana and Mahabharata, two of India’s most significant epics, have been adapted into Southeast Asian forms, Thai Ramakien and the Javanese Ramayana.
• Philanthropic activities: The Indian diaspora has also been actively involved in philanthropic activities in Southeast Asia. Indian charities and foundations have contributed to the development of healthcare, education, and other social services in the region. Example TATA Trusts have partnered with the Thai government to provide healthcare services to rural communities in Thailand.
• Political influence: The Indian diaspora has had a notable impact on the politics of Southeast Asian countries. Many Indian-origin individuals have held high-ranking positions in government and have influenced policy decisions. Example, S. Jayakumar, a Singaporean of Indian origin, served as Singapore’s Deputy Prime Minister and Minister for Foreign Affairs.

Conclusion:

The Indian diaspora has played a crucial role in the economic and social development of South-East Asian countries. Their contributions have helped to build bridges between India and these nations, facilitating trade and cultural exchange. As India continues to expand its economic and political influence globally, the Indian diaspora’s role in South-East Asia is likely to become even more critical in the years to come.