'Pink dollar' to boost India's economy after gay sex decriminalised

India has been losing as much as 1.4% of its GDP because of the discriminatory law, according to calculations by University of Massachusetts Amherst economics professor Lee Badgett

India’s private sector is set to enter a new era of inclusiveness, after a landmark Supreme Court ruling decriminalised homosexuality in a move that’s expected to provide a significant boost to the South Asian nation’s $2.6 trillion economy.

Many multinational businesses in India and elsewhere already recognize the links between inclusion of gay employees and better business outcomes and have taken steps to end discrimination in staff benefits in order to maintain a competitive workforce. The court’s decision to overthrow the country’s notorious anti-gay law is expected to encourage others to do the same.

"It will have a massive economic impact," says