‘Indian rich top world in looking to leave country’
MUMBAI: The Covid may have put international travel plans on the backburner but it has not stopped high net-worth individuals (HNWIs) from shop for new countries to set up base in — either as long-term resi nts or citizens.
In 2020, wealthy Indians again topped the list of those making enquiries for ‘residence-by-investment’ or ‘citizenship-by-investment’ programmes. The number of enquiries rose from 2019, said a facilitating agency. Since India does not permit dual citizenship, opting for ‘citizenship by-investment’ means giving up one’s Indian passport.
The combination of Covid and po itical turmoil saw the US, in sixth place in 2019, shoot up to the second slot.
About 7,000 wealthy Indians left country in 2019, says report
The third, fourth and fifth spots in terms of enquiries made were taken up by Pakistanis, South Africans and Nigerians, respectively. These details were shared with TOI by Henley & Partners, a global firm engaged in residence and citizenship planning.
巴基斯坦人、南非人和尼日利亚人分别排在第三、第四和第五位。Henley & Partners向《印度时报》透露了这些细节，这是一家从事居住和公民规划的全球公司。
As per ‘Global Wealth Migration Review’, issued by New World Wealth, a wealth intelligence firm, Indians were the second largest contingent among the millionaire category to move overseas. Nearly 7,000 wealthy Indians (comprising 2% of the HNWIs) left the country during 2019. It appears that the interest is not waning.
People are getting fedup paying taxes and taxes, and no social security in return, if gt collects tax they have to be given some prection..that's why people move out..
What a shame ! We are clubbed with failed countries like Nigeria and Pakistan !
That is only achievement of Modi that people are thinking to leave India
Modis greatest achievement. If india and economy are improving then why those people are leaving?
India has lost its way. A low quality PM and his sycophantic team are to be blamed.
Law abiding, tax paying honest people getting harassed by police, po iticians and goons, they always want a way out and if someone has the means to afford it they will move out.
BS!!! I am a Canadian and rather live here in Canada and pay taxes through the wazoo than in a filthy country. It's not because of taxes. Its quality of life thing.
The short sighted PM with useless reforms and re gious disharmony, has reduced the confidence to invest unless one is gujju businessman. Educated and rich are leaving the country.
Sorry to say but Hindusthan is full of filth. and ill mannered people. The cities are like dustbins and railway stations are like toilets.
India needs to get out of its 70s socialist style thinking especially its bureaucracy if it aspires to be a 5 trillion dollar economy.
People who can will leave India BJP/RSS have ruined the communal harmony of India. LAL SALAM!!!!!!!
there is no point on being second class citizens .. There is no place better than my India
This things are going to happen. There is no social security in India. Inflation rate is too high so whatever is your savings after retirement it will erode at a rate of an average 8-9 percentage per year. In cities old peoples are treated like extras. So what rich old man will do ? They are leaving the country and with them taking a substantial chunk of wealth. Because top 1% control 86 % of the wealth.
Quite sad and understandable. When you tax high income sried people (who put a lot of effort to reach where they are) at 40% ..
High caste tag enjoyed in India wont work in these racist countries even white garbage collector will treat them dirts.
Mochi has ruined the country in just 7 years.
now, I really want Congress to come back to power asap Next time what ever happens I will ve for Congress. No more Hindutva, or Mandir card can fool me any more.