Why Are Rich Indians Moving Out of the Country?
In the past three years, 17,000 rich people (dollar millionaires, those who have more than 6.5 crore in wealth) have left India. South Africa-based market research agency New World Wealth publishes an annual report, according to which 7,000 super rich people in 2017, 6,000 in 2016, and 4,000 in 2015 left India and established domicile abroad.
Migration is not a new concept. It has existed since the dawn of time. Wealth and people have always been in constant flow. But any trend needs to be viewed in reference to place, time and existing situations.
