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.
With the films, Aditya Dhar achieved something Bollywood has been trying to engineer for years—an event blockbuster that dominates both box office and national conversation.
With eye on rural votebank, Telangana budget raises allocations for farmers, power & welfare schemes, while introducing new initiatives and relying on borrowings to fund growth.
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