Indians in Madagascar form a community of roughly 25,000 individuals according to the statistics of India's Ministry of External Affairs; other estimates of their population range from 15,000 to 30,000. Among them are 867 non-resident Indians, with the rest being locally born descendants of early immigrants.^[1][2] They form a minority ethnic group in Madagascar.

By the 1780s, a community of roughly 200 Indian traders had formed at Mahajanga, a port on the north-west coast of Madagascar, near Bombetoka Bay at the mouth of the Betsiboka River. Confusion arose over their legal status; they often declared themselves to be Malagasy subjects in order to evade the laws against slave-holding or the building of stone houses, both forbidden to British subjects, while their dhows, which they used to transport goods to and from the African mainland, flew French flags.^[3] Initial arrivals were mainly Muslim Khojas, Ismailis and Daoudi Bohras, with some Hindus settling later.^[4] The 1911 census found 4,480 Indians in the country, making them 21% of the total foreign population and the second-largest foreign population after the French.^[5] Following the nationalisation of private businesses in the 1970s, many were compelled to leave; those who remained were largely uneducated, but stayed on and gradually built their businesses. By 2000, they were generally believed to control 50-60% of the country's economy, making them the target of demonstrators during periods of unrest.^[6]

• Chinese people in Madagascar
• Hinduism in Madagascar
• Islam in Madagascar
• Demographics of Madagascar
• India–Madagascar relations