Approximately 4,300 millionaires are projected to leave India this year, with a significant number choosing the United Arab Emirates (UAE) as their new destination.
Last year, 5,100 Indian millionaires relocated abroad.
According to a recent report by international investment migration advisory firm Henley & Partners, India loses thousands of millionaires annually, many migrating to the UAE, the impact is mitigated by the country’s robust wealth growth.
Over the past decade, India’s total wealth has grown by 85 percent, however, the per person income has not seen any massive jump.
