Janjivan Bureau / New Delhi : Henley and partners is a globally integrated citizenship and advisory firm, which publishes a wealth migration report on their website every year. According to a report, 142,000 millionaires would leave their country globally and settle into another by the end of 2025
Wealth migration is a part of globalisation concept. When people migrate they also take their wealth along.
It tracks down the number of millionaires that migrate every year around the globe. According to the report this year 142,000 millionaires would leave their country globally and settle into another. As per their report, 3,500 millionaires would migrate out of India and taking their 26 billion dollar worth of wealth abroad. The number might be slightly lower than last year’s 4,800 hundred, but still is a lot for the country.
Why millionaire migration is significant
According to the website, wealth migrating matters because it is a vital source of forex revenue, new businesses open in the country, helps create jobs in that country, boosts local stock market through equity investment.
There could be multiple reasons behind it, the country’s not-so–good infrastructure, financial-growth opportunities, and the high taxes.
