News > 8,000 high net-worth individuals likely to leave India in 2022

8,000 high net-worth individuals likely to leave India in 2022

14/06/2022 09:38 PM | Click to read full article

Stringent tax rules and need for stronger passports are among reasons that are likely to trigger a migration of around 8,000 high net-worth individuals (HNI) from the country in 2022, a survey has found.

The 2018 Henley Global Citizens Report says while the old industrialists choose to stay in India, the younger lot wants to take risks and diversify business abroad, and reap the benefits and lenient tax rates offered by other countries.