Ruchir Sharma, head of emerging markets and chief global strategist at Morgan Stanley Investment Management, said at an event in Delhi recently that the highest number of millionaires leaving their country of origin was from India. His comment was based on a survey carried out by NW Wealth, which found 23,000 millionaires have left India since 2014. In 2017, it was 7,000.
So why and where are these Indian millionaires going?