India’s high net worth individuals are making a beeline for other countries. A better standard of living, lower taxes, ease of doing business, better healthcare and even climate change are some of the reasons they are moving abroad and in many cases even giving up their citizenship. This could have a long-term impact on the Indian economy because these individuals contribute majorly to the GDP, tax revenues and job creation. Their exit means a significant volume wealth leaving the country. Please listen to the latest episode of All Indians Matter.
