HNI Migration

In 2022, more than 1.9 lakh (190,000) Indians became citizens of OECD countries, a 40% increase from previous years, making India the top country for new citizens in these nations

Hong Kong ranked fourth with $70 billion in transferred assets to Singapore; the rest of Asia collectively parked over $370 billion in the island nation.

Australia has regained the top spot in New World Wealth's 2023 list of destinations forecast to enjoy the highest net inflows of high-net-worth individuals globally, replacing the UAE.

TMS Ep456: PLI course correction, HNI exodus, markets, dark patterns

What course correction does the PLI scheme need? Why are millionaires deserting India? Can Indian markets stay immune to US Fed's hawkish pause? What are dark patterns? All answers here

Prohibitive tax laws coupled with convoluted and complex rules on outbound remittances that are open to misinterpretation and abuse are among the problems that have triggered the migration

According to the report by New World Wealth, 7,000 ultra-rich Indians shifted overseas in 2017