Why are so many Indian HNIs moving abroad?
The migration of Indian millionaires is largely driven by a search for a better lifestyle, safer environment, and access to premium health and education services.
The world’s wealthiest individuals are increasingly choosing to relocate outside of their home countries.
While this is a drop from the 5,100 millionaires who left the country in 2023, the trend of Indian millionaires choosing to settle elsewhere has become increasingly rampant.
Losing millionaires: In 2024, India is poised to witness the third highest migration of millionaires in the world, after China …
Why are so many Indian HNIs moving abroad?
The migration of Indian millionaires is largely driven by a search for a better lifestyle, safer environment, and access to premium health and education services. But cronyism is also a factor.
The world’s wealthiest individuals are increasingly choosing to relocate outside of their home countries. And rich Indians form a significant part of this chunk.
The Henley Private Wealth Migration Report 2024, released by investment migration advisory firm Henley & Partners, has estimated that around 4,300 millionaires could leave India this year. While this is a drop from the 5,100 millionaires who left the country in 2023, the trend of Indian millionaires choosing to settle elsewhere has become increasingly rampant.
Losing millionaires: In 2024, India is poised to witness the third highest migration of millionaires in the world, after China …
