Bigger India
Why Are Rich Indians Moving Out of the Country
In times like these, when for the past three years global markets have slowed down, why is it that instead of searching for opportunities in India, people have still chosen to go abroad?
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.