This year 4300 Indian millionaires may leave the country, know in which countries they can settle

Ananya Shroff
4 Min Read

New Delhi: India is emerging as an economic power in front of the world. India has become the fifth largest economy in the world. Meanwhile, a report has revealed that about 4,300 crorepatis may leave India this year. This information has been received from the report of a foreign investment company named Henley & Partners. Is it a matter of concern that more than four thousand crorepatis are leaving the country and what impact can this have? Let's understand.

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Is this something to be concerned about?

Interestingly, despite so many people moving out, India is producing a lot of new high-income individuals (HNWIs) every year. Many of these millionaires run their businesses in India and also have other assets in India. Overall, they help the country's economy.

The report says that 'We think there is no need to worry too much about so many people leaving the country, because India is creating more millionaires every year than the number of millionaires leaving the country.' Not only this, most of the rich people who leave India keep their business and second home in India itself. This is a good thing for India. Although some people leave the country, India's economic and business environment remains good and attracts rich people. Even if many rich people leave the country and start living somewhere else, they continue to help India's economy through their land and investments.

Many Indian millionaires are going to UAE

The report says that India is losing a large number of millionaires, these people are mainly going to UAE. Around 128,000 millionaires from around the world may go to live in a new country in 2024. Most of these people are going to UAE and America. This migration of rich people is important because it often reveals the economic condition of the country and the reasons for the departure of millionaires from there.

Not good news for middle class people

This is not a good thing for the middle class people of the countries from which millionaires are emerging. This is because the companies started by millionaires create a lot of employment opportunities. For example, companies like Microsoft, Apple and Tesla have employed thousands of people in the US. This shows how big an impact the companies of millionaires can have on the economy.

What does the report say?

The departure of millionaires from a country also gives an idea of ​​the economic condition of that country. The report says that if many millionaires are leaving a country, then there is probably a big problem there. Apart from this, the departure of rich people is also not a good sign for the future of the country, because when trouble comes, these people are the first to leave the country.

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