What are the things that are forcing the rich to go abroad?

S Venkateshwari
What are the things that are forcing the rich to go abroad?

India is still one of those countries where the highest number of high net-worth people are leaving the country. According to the report of the well-known research company Henley & Partners, this big exodus of the rich is changing the situation of the world a lot, which will affect the countries where these people are going. At the same time, the countries where the millionaires are going will also be affected.

The number of rich people leaving india will decrease this year

This year there may be a big decline in the number of indians leaving india and settling abroad. According to the report of Henley & Partners, about 4300 millionaires can leave india in the year 2024. This number was about 5100 a year ago. According to Henley & Partners, about 4300 indian millionaires, whose assets are more than 1 million dollars i.e. Rs 8.36 crore, can leave indian citizenship and go to other countries.

India is tenth in the global list of millionaires

The number of millionaires in india has increased by 85 percent between 2013 and 23. india has come at number 10 in the list of millionaires with a total of 326,400 rich people. The number of millionaires in china has reached 862,400. india is at number three in the list of billionaires with 120 billionaires.

What does Teji-Deep have to say?

SEBI registered subsidiary of Motilal oswal Financial services Teji-Deep says that an important trend has been seen in india in recent years and rich people i.e. high-net-worth individuals are leaving india and moving out. india is in third place after china and britain among the countries from where most rich people are going to other countries.

The main reason for migration by millionaires

According to Teji-Deep, indian millionaires often go abroad in search of a better life, asafe and clean environment, and good health and education facilities. On the other hand, there is uncertainty about the security situation in the US if trump wins the november 2024 elections. Also, due to some regional threats, rich people are leaving south korea and taiwan in large numbers.

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