India’s ultra-wealthy are on the move, and not just for a vacation. A recent survey by Kotak Private, in collaboration with EY, reveals that 22% of India’s super-rich are actively planning to leave the country—permanently. But what’s driving this exodus?
For many, it boils down to three key factors: a better lifestyle, smoother global business opportunities, and top-tier education for their children. Cities like Dubai, London, and Singapore offer attractive incentives, including golden visas, investor-friendly policies, and world-renowned schools. With these perks on the table, the allure of global mobility is stronger than ever.
But this mass migration of wealth raises pressing questions. Should India be worried about losing its top entrepreneurs, investors, and business leaders? Could this talent outflow lead to a slowdown in domestic innovation, job creation, and economic growth?
On the flip side, globalization has always been a double-edged sword. While some of India’s richest are setting up shop overseas, they still maintain strong business ties back home. Their investments and networks can boost India’s global footprint, leading to cross-border collaborations that benefit the domestic economy in the long run.
However, the trend does signal a need for introspection. Are India’s policies, infrastructure, and business environment keeping pace with global aspirations? Addressing concerns around taxation, ease of doing business, and quality of life could play a crucial role in retaining the nation’s wealthiest individuals.
Ultimately, the departure of India’s super-rich is both a challenge and an opportunity. The real question is whether India will take steps to make staying as attractive as leaving—or risk watching more of its wealth migrate abroad.
