Why do Indian millionaires leave India?

According to a survey by Kotak Private in partnership with EY, 22% of ultra-rich Indians expressed a desire to leave the country for better living standards, healthcare, education, and ease of doing business.

Why are Indian millionaires leaving India?

They leave because even after giving almost half of their earnings in taxes (both direct and indirect) they hardly get anything in return.

Why do so many Indians leave India?

A significant number of wealthy Indians are migrating due to better living conditions, business opportunities, and educational prospects abroad. Despite a projected dip in millionaire migration in 2024, India remains a major source of HNI migrants.

Which country has the most millionaires leaving?

The UK and China are seeing the biggest millionaire outflows

While some countries are booming, others are bleeding wealth. The UK is projected to see a net outflow of 16,500 millionaires — the largest of any country — followed by China and India, whose respective outflows stand at 7,800 and 3,500.

How many Indian billionaires live outside India?

At least 42 billionaires of Indian origin now live outside India, according to the Hurun Global Rich List 2025. These include Lakshmi Mittal and Anil Agarwal in the UK, as well as Jay Chaudhry and Vivek Ranadivé in the US.

Why are Indians Leaving India?

What country has the most millionaires?

The United States leads the pack with nearly 22 million modern millionaires, making up around 40% of the global count. This dominance is fueled by a diverse economy that thrives on innovation, technology, and finance.

Where are UK wealthy moving to?

Where Are UK Millionaires Moving To? The UAE continues to dominate wealth migration tables for its combination of zero personal income tax, world-class infrastructure, and globally respected residency schemes.

What is the best country to live in if you are rich?

1. Switzerland. Switzerland takes the top spot for expats looking to grow their wealth. There's good pay and the opportunity for career progression and an improved quality of life.

What country lost the most millionaires?

Where Millionaires Are Leaving. The United Kingdom tops the list of net outflows, with 16,500 millionaires expected to leave in 2025. That's nearly double the outflow from China, which ranks second with a net loss of 7,800 HNWIs.

Why have so many Indians moved to the UK?

South Asian migrants to the UK after 1947 come from different countries and for different reasons - to escape civil war, to seek better economic opportunities and to join family members already settled here.

Which is better, living in India or abroad?

Lifestyle Preferences:

Staying in India might offer comparatively more stability in careers and family life as you are earning and spending in Indian currency, and you are close to family. Studying abroad provides a more adventurous and diverse lifestyle, thus bringing more independence yet less familial support.

Why do the British leave India?

They began losing power politically as well as economically. Indian leaders began setting up parallel governments, where, in certain areas, Indians had their own rulers and laws alongside the British ones. In 1942, Gandhi organized the Quit India Movement, a large push to get the British to agree to leave India.

Why is India so poor yet so rich?

The 1991 reforms brought in liberalisation, privatisation and globalisation of the economy. It led to a series of acts and policies aimed at liberalising the Indian economy to an unprecedented extent. These reforms facilitated an environment for the wealthy to profit from the less-affluent, without repercussions.

Is it easy to be a millionaire in India?

It's important to understand that the longer we save and grow our money, the less we need to save each month to reach our goal. To become millionaires in 10 years, we must save about INR 8,333 per month. This is only realistic for some people. But luckily, most people aren't trying to become millionaires in a decade.

Is India becoming more wealthy?

India has sustained an average economic growth rate of above 6 percent for the past three decades, with an even stronger post-pandemic rebound – over 8 percent annually during 2021-2024.

What is the hardest country to live in financially?

What is the safest country for billionaires?

This stability explains why Switzerland has one of the highest concentrations of millionaires globally—wealthy individuals trust it for generations, not just years. Other politically stable havens include New Zealand, Singapore, Canada, and the Scandinavian countries.

Where are most millionaires moving to?

In terms of their top migration destinations, most are relocating to the UAE, USA, Italy, and Switzerland.

Is the UK losing millionaires?

The UK is expected to suffer the largest outflow of millionaires globally in 2025, according to data from Henley & Partners, marking a bleak reversal for a country once seen as a magnet for global wealth.

What is considered rich in the UK?

People in the UK believe an average annual income of £213,000 constitutes wealth, over six times the national average salary¹ - according to HSBC UK's new insight report, 'Your Money's Worth: Defining Wealth in 2025', with the top 4% of earners often setting a much higher bar and underestimating their comparative ...

Where do British billionaires live?

Luxury living defines Mayfair, and the area has become a favourite to bed down in for the international elite – billionaire business owners from all over the world love the exquisite properties, the cache of being in the most exclusive zone of London, and the proximity to areas that trip off the tongue for prestige ( ...

Which country has the most Muslims?

Countries with the highest Muslim counts

A third of Muslims live in Indonesia, Pakistan or India. Indonesia's count is slightly ahead of the others: Roughly 240 million Muslims – around 12% of the world's Muslims – are in Indonesia, as of 2020.

Which ethnic group has the most millionaires?

How Household Wealth Is Distributed by Race of Householder. About 1 in 5 households with a White householder and 1 in 20 households with a Black householder had wealth over $1 million (Figure 1).