The Supreme Court scrapped a colonial-era ban on gay sex last September, not only allowing a nascent gay culture to come into the open but also laying the groundwork for the country's "pink economy".Įxperts forecast more businesses will start openly courting the lesbian, gay, bisexual and transgender community - one of the biggest LGBT+ markets in the world - to sell their products and employ people in Asia's third-largest economy. NEW DELHI, Jan 24 (Openly) - Fancy an LGBT-friendly resort, a drag night at a top New Delhi hotel or a spa for gay men? These are only some of the businesses increasingly vying for India's powerful "pink rupee" just months after the country decriminalised same-sex relations. India is home to nearly 56 million LGBT+ adults earning about $113 billion a year, according to one estimate.
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