You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Around 5,000 super-rich left India in 2018

DNMUM434969 | 4/16/2019 | Author : Soumonty Kanungo | WC :696

Money exodus Country registered third largest outflow of HNWIs after China, Russia

India witnessed the third largest outflow of high networth individuals (HNWIs) in the world in absolute terms, after China and Russian Federation, last year, according to a recent wealth migration report.
Around 5,000 Indian super-rich have migrated from the country during 2018, according to Global Wealth Migration Review 2019 (GWMR) published by the AfrAsia Bank and research firm New World Wealth. However, in percentage terms, only 2% of Indian HNWIs have migrated from India.
Percentage of HNWIs’ refers to the outflow divided by the total number of HNWIs living in that country.
In absolute terms, the highest outflow was visible in China with 15,000 HNWIs, or 2% Chinese super-rich, left the country, followed by Russian Feder
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Game of brands
DNMUM435485 | 4/26/2019 12:00:00 AM | Author : Sutrishna Ghosh | WC :801

Dany and Jon are finally in Winterfell, Queen Cersei has rolled the dice for the throne, Arya is definitely on to something, and [spoiler alert] Sir Jamie has come face to face with Bran Stark, bringing life to full circle! Just in case you haven’t n
Add To LightboxCalculate Price

Masstige: How to win both Raja and Praja
DNMUM435486 | 4/26/2019 12:00:00 AM | Author : Mahul Brahma | WC :646

The essential point of differentiation of a luxury brand is the exclusivity that it offers. While this exclusivity subtly opens its doors to moolah, unfortunately, it does not necessarily keep counters ringing for all.
Thus, as a survival strateg
Add To LightboxCalculate Price

‘We see a very good EV opportunity’
DNMUM435488 | 4/26/2019 12:00:00 AM | Author : Swati Khandelwal | WC :526


The company is focussing on auto engineering and sees a good opportunity in electric vehicles going forward, says Vinit Teredesai, chief financial officer (CFO), KPIT Technologies. In an interview with Swati Khandelwal, he also said that slowdow
Add To LightboxCalculate Price

Sensex falls 324 pts on F & O expiry day
DNMUM435496 | 4/26/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :354

Mumbai: Domestic market turned volatile on the F&O expiry day on Thursday after Brent crude rose above $75 per barrel for the first time in 2019 in the wake of tightening sanctions on Iran.
The key benchmark indices ended lower after being dragge
Add To LightboxCalculate Price