The Indian diaspora has contributed close to $100 billion to India through a dedicated deposit facility managed by the Reserve Bank of India (RBI). This influx of capital comes as the RBI has decided to close the scheme earlier than initially anticipated, citing sufficient funds raised. The facility aimed to attract foreign currency deposits from non-resident Indians and Persons of Indian Origin. The substantial deposits provide a boost to India’s foreign exchange reserves and are expected to support economic stability. Analysts suggest the scheme’s success reflects a strong desire within the Indian diaspora to invest in their country of origin. The early closure indicates the RBI is confident in securing further investment through alternative avenues. This significant financial inflow underscores the crucial role of the Indian diaspora in the nation’s economic growth.