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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
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