News & Media 16th Jun 2023

Why are millionaires deserting India?


Yashojit Mitra Partner | Mumbai

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India is projected to see a net outflow of 6,500 high net-worth individuals (HNIs) in 2023, indicates the latest Henley’s Private Wealth Migration Report. In fact, data from Global Wealth Migration Report, Morgan Stanley suggests that approximately 50,000 HNIs have left the country between 2014-2022.

Business Standard in its latest story, Why are millionaires deserting India? sheds light on this issue, where Yashojit Mitra, Partner, Economic Laws Practice (ELP)’s views have been sought.

Tune into the story here: Click Here