Overview

• RPG Group’s Harsh Goenka said many wealthy Indians are leaving London over tax and safety concerns and some are exiting the US for political reasons, yet none he knows are considering moving back to India.
• His post said affluent Indians are eyeing Dubai, Singapore, Portugal and Switzerland, drawing viral replies that cited poor infrastructure, weak service culture, high pollution and bureaucratic hassles at home.
• A Kotak Private–EY survey reported that 22% of 150 ultra-high-net-worth respondents plan to emigrate, reflecting stated intent among a small sample of India’s super-rich.
• The Henley Private Wealth Migration Report places India among the top five sources of departing millionaires, estimating outflows at 5,100 in 2023, about 4,300 in 2024 and roughly 3,500 in 2025.
• Commenters also pointed to tax and policy unpredictability and capital-movement restrictions in India as deterrents, while some noted many movers keep business ties or investments in the country.