The report predicts net emigration of 4,300 millionaires in 2024, lower than the outflow in 2023 & 2022. Congress has raised concerns about the outflow of HNIs from the country.
According to The Henley Private Wealth Migration Report 2023, Australia emerged as the top destination for high-net-worth individuals, followed by the UAE & Singapore.
There were 7.64 lakh dollar millionaires in India in 2019 according to Credit Suisse, but in the same year, just 3.16 lakh people in the country declared income of over $70,000.
A group of around 80 wealthy people, called Millionaires for Humanity, warn that coronavirus could push millions of people into poverty, further straining health-care systems.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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