How many Indian millionaires left India?
The exact number of Indian millionaires who have left India is difficult to determine. However, there is evidence to suggest that the number is significant.
A report by the World Wealth Report 2018, published by Capgemini, found that India had the highest number of high net worth individuals (HNWIs) who had left the country in 2017. The report found that 8,000 HNWIs had left India in 2017, with the majority of them being millionaires.
The report also found that the number of Indian millionaires leaving the country had increased by 10% from 2016 to 2017. This suggests that the number of Indian millionaires leaving the country is on the rise.
The reasons for Indian millionaires leaving the country are varied. Some may be seeking better economic opportunities abroad, while others may be looking for a better quality of life.
The Indian government has taken steps to try and stem the tide of millionaires leaving the country. In 2018, the government announced a series of measures to make it easier for Indian millionaires to stay in the country. These measures included reducing the tax burden on high net worth individuals, as well as providing incentives for them to invest in the country.
Despite these measures, it appears that the number of Indian millionaires leaving the country is still significant. This is likely due to the fact that India still has a relatively low level of economic development compared to other countries. As such, many Indian millionaires may still be looking for better economic opportunities abroad.
In conclusion, it is difficult to determine the exact number of Indian millionaires who have left the country. However, the evidence suggests that the number is significant and is likely to continue to rise in the future.
A report by the World Wealth Report 2018, published by Capgemini, found that India had the highest number of high net worth individuals (HNWIs) who had left the country in 2017. The report found that 8,000 HNWIs had left India in 2017, with the majority of them being millionaires.
The report also found that the number of Indian millionaires leaving the country had increased by 10% from 2016 to 2017. This suggests that the number of Indian millionaires leaving the country is on the rise.
The reasons for Indian millionaires leaving the country are varied. Some may be seeking better economic opportunities abroad, while others may be looking for a better quality of life.
The Indian government has taken steps to try and stem the tide of millionaires leaving the country. In 2018, the government announced a series of measures to make it easier for Indian millionaires to stay in the country. These measures included reducing the tax burden on high net worth individuals, as well as providing incentives for them to invest in the country.
Despite these measures, it appears that the number of Indian millionaires leaving the country is still significant. This is likely due to the fact that India still has a relatively low level of economic development compared to other countries. As such, many Indian millionaires may still be looking for better economic opportunities abroad.
In conclusion, it is difficult to determine the exact number of Indian millionaires who have left the country. However, the evidence suggests that the number is significant and is likely to continue to rise in the future.
Was this article helpful?1 Posted by: 👨 Shobha Palan
