India’s Millionaire Exodus: Why Are Wealthy Individuals Leaving?

A significant number of India’s millionaires are choosing to relocate abroad, raising questions about the underlying reasons behind this trend. The latest Henley Private Wealth Migration Report reveals a concerning pattern of outward migration among high-net-worth individuals.

The Numbers Tell a Story

The Henley report paints a picture of ongoing wealth migration from India. In 2023, 5,100 millionaires left the country. While the number dipped slightly to 4,300 in 2024, projections for 2025 estimate that 3,500 millionaires are expected to emigrate. This continued movement of wealth raises important questions about the factors driving this trend.

Understanding the Factors Behind the Exodus

While the specific motivations can vary, several potential factors might contribute to this migration. These could include seeking better investment opportunities, pursuing global education for their children, exploring more favorable tax environments, or concerns about the domestic economic landscape. Further investigation is needed to fully understand the complex dynamics at play.