People having a high net worth of more than 8,000 are expected to move out of here by end of this year, a study says.
Higher net worth people likely to migrate out
Our country has been facing quite stringent rules and requirements. With the high demand for a stronger passport and better facilities abroad, many people are planning to migrate out of here.
According to a study, young tech entrepreneurs are becoming transnational and aim higher in terms of business opportunities and investments.
The study revealed that “the number of US dollar millionaires and billionaires in India will grow by 80 % over the next 10 years compared to just 20 % in the US and 10 % in France, Italy and UK.”
The reason for many individuals moving to a foreign land is to diversify a portion of their wealth in the jurisdiction of a foreign land having high tax efficiencies.
Many Indians feel that EU Countries, Dubai and Singapore are some of the top choices.
