While this is a setback - it also sets a significant opportunity for India to decolonise its approach to LGBTQ+ inclusion and weave the ‘pink economy’ into its growth story. This pink economy refers to the purchasing power of the queer community which is globally valued at approximately US $3.7 trillion. In India, the pink economy is estimated to have a purchasing power of US $168 billion remains largely untapped, due to societal stigma which hinders their economic inclusion.
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