Millionaires: 6,500 millionaires may leave the country this year
According to the Henley Private Wealth Migration Report 2023, 6,500 High Net Worth Individuals (HNIs) are likely to leave India in 2023. India is second in the world in terms of people leaving the country and settling in other countries. However, this number is less than the previous year when 7,500 HNIs left India. China has the largest number of people who have settled in other countries leaving their country. This year, 13,500 rich people in China are expected to leave the country and settle in another country. Britain is at number three, and it is estimated that 3,200 millionaires from Britain will leave the country this year, followed by Russia at number four, where 3,000 HNIs are estimated to move from Russia to other countries this year.
The experts believe that millionaires leaving the country is not a big problem. By the year 2031, the population of millionaires can increase by about 80 percent. However, the question remains as to why rich people leave their country. Thousands of rich people leave the country every year due to complexities in tax-related rules in India. The rich people around the world are liking places like Singapore and Dubai the most. The reason for this is that rich people prefer to go to countries where tax-related rules are flexible.
English Summary: Despite the rapid growth of the country amid fears of worldwide recession, 6,500 High Net Worth Individuals (HNIs) are likely to leave India in 2023, according to the Henley Private Wealth Migration Report 2023. India is second in the world in terms of people leaving the country and settling in other countries. China has the largest number of people who have settled in other countries leaving their country. By the year 2031, the population of millionaires can increase by about 80 percent. Thousands of rich people leave the country every year due to complexities in tax-related rules in India. The rich people around the world are liking places like Singapore and Dubai the most.
Follow DelhiBreakings on Google News
Superfast News Coverage by DelhiBreakings.com team.
For Superfast national news and Delhi Breaking Stories visit us daily at https://delhibreakings.com
