The growing presence of Indian-owned firms also highlights how diaspora communities are increasingly becoming global business actors rather than simply overseas workers
PRAVASISAMWAD.COM
The role of the Indian diaspora in the Gulf economy is expanding rapidly, with Indian professionals and entrepreneurs now shaping several key industries across the region.
For decades, millions of Indians have worked in Gulf countries, particularly in construction, services and technical fields. However, a significant shift is taking place as more Indians move from wage-based employment to business ownership and investment.
“Saudi Arabia offers a clear example of this change. In 2019, around 400 Indian companies were officially registered in the Kingdom. By 2023–24, that number had risen sharply to nearly 3,000. These companies now operate in sectors including pharmaceuticals, engineering, financial consulting, manufacturing and information technology,” said Kaushalendra Singh, Gulf based Senior journalist citing relevant sources.
The United Arab Emirates continues to be the largest hub for Indian business activity in the region. Indian-owned companies and franchises are active in tourism, hospitality, healthcare, education and consumer goods.
Several well-known Indian brands have expanded their presence in the UAE while serving both the diaspora and international customers. These include Taj Hotels, Mahindra, Dabur and Zee
Experts say this transformation reflects a broader evolution of the Indian diaspora. Earlier generations travelled abroad primarily in search of employment. Today, many migrants arrive with business capital, specialised skills and international networks.
Gulf governments have also encouraged foreign investment as part of efforts to diversify their economies beyond oil. Indian entrepreneurs have taken advantage of these opportunities by launching companies that serve both regional and global markets.
“With millions of Indians already living and working in the Gulf, analysts believe the community will continue to play a major role in the region’s economic future,” Singh said.
