In numbers: Why are the wealthy focusing on global expansion instead of a full e

While one in five UHNIs is considering moving abroad, some estimates indicate a significant slowdown in the actual outflow of the wealthy

Oct 03, 2025, 17:43 IST1 min

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1 in 5 UHNIs: While one in five Ultra-High-Net-Worth Individuals (UHNIs), or those with a net worth of Rs 25 crore or above, are considering or planning to move abroad, some estimates indicate a significant slowdown in the actual outflow of millionaires from the country

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Most move out for business: Even among those who want to relocate, their primary reasons are to expand their existing businesses or tax planning, motivated by a desire for friendlier policies. The rich also prioritise educational opportunities when considering shifting out of India

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America & UK are top choices: Many prefer to go to the United States, which grants long-term residency to investors and their family members in exchange for substantial investments made in the host country, followed by the UK, Canada, Singapore and UAE

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Overall dipping outflow: Despite these intentions, the actual number of millionaires leaving India has been dipping according to some estimates

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Fewer Indians surrendering passport: This trend is further supported by a decline in Indians giving up their citizenship, with the number dropping from a high of 225,620 in 2022 to 206,378 in 2024

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Rise of the rich Indian: Meanwhile, India continues to be a major hub for wealth creation. The net worth of the UHNIs is projected to grow substantially from Rs 232 trillion in 2023 to Rs 359 trillion in 2028

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