Recent archaeological and other evidence suggests Hinduism has had some cultural, economic, political and religious influence in the Philippines. Among these is the 9th century Laguna Copperplate Inscription found in 1989, deciphered in 1992 to be Kawi script (from Pallava script) with Sanskrit words; the golden Agusan statue (Golden Tara) discovered in another part of Philippines in 1917 has also been linked to Hinduism.

There is some growth in the religion as of late, although most temples cater to the same communities. Actual adherents of Hinduism are mostly limited to communities that include indigenous and native peoples, expatriate communities, as well as new converts. There are various ISKCON groups and popular Hindu personalities and groups such as Sathya Sai Baba, and Paramahansa Yogananda (SRF), Prabhat Ranjan Sarkar (Ananda Marga) that can be found. The Ramakrishna Mission is also present as the Vedānta Society of the Philippines. Hindu based practices like Yoga and meditation are also popular. There are also notable archery ranges named after characters in the Ramayana and the Mahabharata called "Kodanda Archery Range" (named after Lord Rama's bow Kodanda) and "Gandiva Archery" (named after Arjuna's bow Gandiva).

One source estimated the size of the Indian community in the Philippines in 2008 at 150,000 people, most of whom are Hindus and Christians.

At present, however, it is limited primarily to the immigrant Indian community and local Butuanon people, though traditional religious beliefs in most parts of the country have strong Hindu and Buddhist influences.

Over the last three decades, a large number of civil servants and highly educated Indians working in large banks, Asian Development Bank and the BPO sector have migrated to Philippines, especially Manila. Most of the Indian Filipinos and Indian expatriates are Hindu, Sikh or Muslims, but have assimilated into Filipino culture and some are Christians. The community regularly conducts philanthropic activities through bodies such as the Mahaveer foundation, The SEVA foundation and the Sathya Sai organization. Most Hindus congregate for socio-cultural and religious activities at the Hindu Temple (Mahatma Gandhi Street, Paco, Manila), and the Radha Soami Satsang Beas center (Alabang, Muntinlupa, Metro Manila).

The archipelagos of Southeast Asia were under the influence of Hindu Tamil Nadu and Indonesian traders through the ports of Malay-Indonesian islands. Indian religions, possibly an amalgamated version of Hindu-Buddhist arrived in Philippines archipelago in the 1st millennium, through the Indonesian kingdom of Srivijaya followed by Majapahit. Archeological evidence suggesting exchange of ancient spiritual ideas from India to the Philippines includes the 1.79 kilogram, 21 carat gold Hindu goddess Agusan (sometimes referred to as Golden Tara), found in Mindanao in 1917 after a storm and flood exposed its location. The statue now sits in the Field Museum of Natural History in Chicago, and is dated from the period 13th to early 14th centuries.

A study of this image was made by Dr. F. D. K. Bosch, of Batavia, in 1920, who came to the conclusion that it was made by local workmen in Mindanao, copying a Ngandjuk image of the early Madjapahit period – except that the local artist overlooked the distinguishing attributes held in the hand. It probably had some connection with the Javanese miners who are known to have been mining gold in the Agusan-Surigao area in the middle or late 14th century. The image is apparently that of a Sivaite goddess, and fits in well with the name "Butuan" (signifying "phallus").

— H. Otley Beyer, 1947