The YouGov poll for the British Council covered 18,000 people across 15 countries to mark the 400th death anniversary of the Bard this month.
According to the report titled "All the World's", as many as83 per cent of Indians said they understood Shakespeare, compared to just 58 per cent of Britons.
The iconic playwright proved more popular in almost all emerging economies than in the UK.
More than a third of people questioned said Shakespeare made them feel more positive about the UK in general, with the figures highest in India (62 per cent) and Brazil (57 per cent).
Of those people, 70 per cent were interested in visiting the UK as tourists.
This has led the British Council to conclude that the popularity of Shakespeare in emerging economies, such as India and Mexico, would have a "direct impact on the future stability, prosperity and influence of the UK."
"Four hundred years after his death,Shakespeare's work continues to play a vital role in educating and entertaining people around the world," said Rosemary Hilhorst, director of ShakespeareLives for the British Council.
"As well as bringing pleasure to millions of people, his works make a valuable contribution to the UK's standing in the world and the economy," Hilhorst said.
She also pointed out that most Britons were taught Shakespeare in his original English while abroad there were often translations which used a more contemporary, accessible language.
It includes a touring programme of 20 films from the British Film Institute (BFI) national archive, debates, exhibitions and readings.
A whole series of events planned across the UK and worldwide will culminate this Saturday with a celebration of the 17th century playwright's life - who died on April 23, 1616.
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