Why do the rich leave India?
reports Out and better business environment are the main reasons for this migration.
In year 2, about 1.5 million people in India were recognized as wealthy people, each with more than 1 Correquer Million) Rupees had assets. The number will be projected by 1.5 million by the year, with a total wealth of about 1 million Rupees.
Why do the rich people leave India?
In the past, factors such as low taxes, economic opportunities and political stability were the main cause of millionaire migration. But now, Henley & Partners 2024 reports, quality of life, educational opportunities for children, and climate change are among the important criteria for immigration. Also, preserving wealth to future generations is one of the main concerns of these people.
According to Kotak Private, two-thirds of the wealthy immigrants, they have described the reason for their migration to improve life standard, better health system, education and superior lifestyle. Also, facilitating business operations has been one of the most important reasons for their migration. Most immigrants are professionals than business owners or heirs of wealth. In terms of age, groups of 4-5 years old and over 5 years are more likely to migrate.
Indian rich do you migrate?
Like many millionaires in other countries, the United Arab Emirates is the most popular immigration destination for Indian rich. The UAE has a zero -income tax policy and only 5 % of value added tax, making it an attractive destination. It is expected that in year 2, ۱۰۰۰ will migrate to the UAE. Other purposes popular include Australia, Singapore, America and Switzerland.
