The rollback of the U.S. Agency for International Development under the Trump-Vance administration represents a global setback for LGBTQ rights. A report from the Observer Research Foundation, a leading Indian think tank that advises the government on policy, however, highlights a unique opportunity for the country to rely less on overseas funding to promote LGBTQ inclusion and integrate the “pink economy” into its broader economic growth strategy, fostering a more inclusive and self-reliant framework.

The “pink economy,” defined as the purchasing power of the queer community, is valued globally at approximately $3.7 trillion. In India, this market is estimated at $168 billion, but remains largely untapped due to persistent stigma that obstructs economic inclusion for LGBTQ people.

The ORF report notes that, as a result, India’s LGBTQ community has relied heavily on international aid and funding, with Western narratives often shaping perceptions of queer identities.

Despite India’s efforts to advance LGBTQ rights — through recognizing a “third gender” in the 2011 Census, the Supreme Court’s 2018 decision to decriminalize consensual same-sex sexual relations by striking down Section 377, and the passage of the Transgender Persons (Protection of Rights) Act in 2019 — these measures have done little to meaningfully to elevate the social and economic status of the LGBTQ community.

India’s queer community constitutes roughly 18 percent of the global queer population. A 2025 study reveals it receives only 1 percent of global LGBTQ funding, despite heavy reliance on international donors.

The Against All Odds — Advancing Equity for India’s LGBTQIA+ Communities report reveals that, within India, only one of the nation’s top 50 donors explicitly funds queer causes, underscoring a significant gap in domestic philanthropy for the LGBTQIA+ community.

India’s Social Justice and Empowerment Ministry for the 2025-2026 fiscal year allocated $1.07 billion to support education, skilling, healthcare, and rehabilitation for marginalized groups. The ORF report, however, emphasizes this funding falls significantly short for the estimated 140 million-strong queer community, as it narrowly focuses on trans people, thereby limiting its impact on the broader LGBTQ community.

A 2014 World Bank report, the Economic Cost of Homophobia and The Exclusion of LGBT People: A Case Study of India, found that excluding the LGBTQ community from economic participation results in a GDP loss of between .1 and 1.7 percent, translating to an annual economic impact of $1.9 billion to $30.8 billion.

The ORF report underscores that social stigma restricts access to education and hinders opportunities for meaningful employment. 

A 2024 report, Fundamental Rights of Work Inclusion for LGBTQ in India, reveals that fewer than 6 percent of trans people are part of the formal workforce, with their presence in the public sector being nearly negligible. It further notes that, for daily survival, many trans people are forced into hostile environments or resort to street begging.

Thailand, with a marriage equality law that took effect in January, is widely recognized for its relative tolerance toward the LGBTQ community, fostering a vibrant queer culture in cities like Bangkok. The country actively promotes itself as a gay-friendly tourism destination, with businesses capitalizing on the “pink economy” through events, nightlife, and tailored travel services. A 2017 report highlighted Thailand as a leading hub for gay-friendly holidays, significantly bolstering its pink economy.

China stands out as a major player in the “pink economy,” valued at an estimated $300 billion annually in 2017, the largest in Asia, fueled by at least 70 million people. Despite government restrictions on queer content, businesses like Blued, a gay social networking app with 54 million users, and Taobao and other e-commerce platforms have tapped into the “pink market,” offering services such as same-sex wedding packages abroad.

Japan has made gradual strides in LGBTQ inclusion with Goldman Sachs, Panasonic, Rakuten and other companies implementing inclusive policies, such as same-sex partner benefits, since 2015. The Japan Business Federation in 2017 issued guidelines to promote LGBTQ-inclusive employment. Tokyo’s rising status as an LGBTQ-friendly city bolsters tourism and consumer markets tied to the “pink economy.” Japan’s tech and tourism sectors remain robust, despite the country’s modest economic growth, with “pink economy” initiatives driving urban economic vitality.

Anish Gawande, the first openly gay national spokesperson for India’s Nationalist Congress Party, told the Washington Blade that excluding the LGBTQ community carries a tangible financial cost. He emphasized India must soon recognize that marginalizing this group not only triggers a brain drain of top talent but also bars hundreds of thousands of highly capable individuals from driving the nation’s economic progress.

“I am a firm believer in a politics of care. If we only want LGBTQ+ inclusion for the sake of economic prosperity, there will never be true inclusion,” said Gawande. “What we must understand is that an embracing of diversity — across caste, class, religion, region, gender, and sexuality — is fundamental to ensuring that we build communities that listen to and learn from each other. By embracing diversity, which has been at the very heart of what it means to be Indian, we do not just prosper economically — but also build more resilient, more equal, and more harmonious societies.”

Kalki Subramaniam, a prominent LGBTQ activist and artist, told the Blade the issue transcends mere economic gain, emphasizing the vibrant spirit and unrecognized potential of LGBTQ people across India.

“We are here, we exist, and our contributions are invaluable. But the government is yet to recognize and fully tap it,” said Subramaniam. “If they are not listening, they will lose out, not just on money, but on the richness we bring to the fabric of India. This is not just an economic report, it is a heartbeat of a community yearning to be seen, to be accepted, and to be allowed to shine for the prosperity of our shared home.”

The town of New Castle, Del., will host a Pride Market on Sunday, the first day of Pride month. 

The event is hosted by the Delaware Sexuality and Gender Collective and features more than 55 LGBTQ-aligned businesses and resources, including Planned Parenthood of Delaware, the ACLU of Delaware, Orgullo Delaware, and New Castle Public Library. The event runs from 12-5 p.m. at 3rd Street and Delaware Street on The Green, an open space and market square. 

The inaugural Pride Market in November 2024 was the first market in the town’s history dedicated to the LGBTQ community. The Pride Market is “designed to be an affirming space for LGBTQ businesses and individuals to join together as a community,” according to the Facebook page. 

New Castle was founded in the 1650s by Dutch settlers with weekly markets on The Green beginning in 1655. The area features historically significant buildings like the 1732 Court House, the 1799 New Castle Academy, and an 1809 U.S. arsenal. Delaware Pride is scheduled for June 7 in Dover.

The annual celebration of the Annapolis LGBTQ community has been put on hold due to forecasted severe weather.

The Annapolis Pride parade and festival, both of which were supposed to take place on May 31, have been postponed until a later date.

Annapolis Pride Board Chair Joe Toolan announced the decision this afternoon, citing information given to the Pride board from emergency management agencies and weather forecasting models.

“The safety of our community comes first,” Toolan said. “Based on guidance from the Annapolis Office of Emergency Management and the National Weather Service, we’ve made the difficult decision to postpone the 2025 Annapolis Pride Parade and Festival due to the very real threat of severe thunderstorms, lightning, and flooding.

“We are hoping to reschedule for some time this fall,” he added.

The National Weather Service has issued tornado and flood watches for large portions of the Mid-Atlantic area, more specifically in areas of Virginia, D.C., and Maryland — including Anne Arundel County where Annapolis is located.

The tornado watch only lasts until midnight, but the impacts of heavy downpours in the area can already be seen where the parade and festival were set to take place. The festival grounds at Bates Middle School are already experiencing flooding and over-saturation, and a flood watch remains in effect with more rain forecast for tonight and tomorrow.

“We are all sad and terribly disappointed that we cannot proceed with the parade and festival on Saturday,” Toolan said. “Hundreds of hours have been spent on planning and coordination, and we were expecting tens of thousands of attendees. But at the end of the day, safety concerns outweigh all other concerns.”

Toolan said the Pride board will announce a rescheduled date as soon as it is confirmed.

Even though the Annapolis Pride parade and festival have been postponed, there are a slew of other planned Pride events that will go on as scheduled:

May 30 – Ladies Night – SOLD OUT
6–10 p.m., Eastport Democratic Club, Annapolis

June 1 – Drag Brunch at Leo – SOLD OUT
10 a.m., Leo Annapolis Restaurant, 212 West St.

June 1 – Ecumenical Pride Worship Service
3 p.m., Eastport United Methodist Church, Annapolis

June 3 – Annapolis Pride Beer Launch
4–7 p.m., Forward Brewing, Annapolis

June 5 – Pride on the Pier
6–9 p.m., Bread and Butter Kitchen, Annapolis

June 6 – Big Gay Dance Party
10 p.m.–close, Tsunami Restaurant, 51 West St., Annapolis

June 7 – Pop-Up Market: Benefiting Annapolis Pride
10 a.m.–3 p.m., Annapolis Town Center
Special discounts @Kendra Scott 6/7–6/8

June 14 – Silent Disco
7–11 p.m., Eastport Democratic Club, Annapolis

June 21 – Teen Dance Party
6–9 p.m., Art Farm, Annapolis
For high school freshmen – juniors

*ticketed event

For more information on the postponement of Annapolis Pride, visit https://annapolispride.org/