The outflow of wealthy individuals and their capital from India has deep economic implications. It reduces domestic investment potential, affecting areas such as urban redevelopment, startup funding, and jobs. This capital, if retained, could have contributed to India’s infra, social services, and innovation sectors. The continued migration of wealth also reflects a loss of confidence in the policy, tax structure, and socio-economic predictability.The UAE, US, and the UK have become magnets for Indian millionaires due to their favourable tax regimes. The UAE, in particular, offers zero personal income tax, administrative ease, and a welcoming Golden Visa scheme—making it the most preferred destination with 9,800 millionaire migrants in 2025. The US draws wealthy Indians via its EB-5 Immigrant Investor Program, while the UK continues to appeal for historical, cultural, and educational reasons. Luxury real estate purchases by Indian billionaires underscore this preference.
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