Overview
- Financial advisor Akshat Srivastava said many affluent Indians privately ask him about moving abroad, citing children’s well-being, cleaner air and safety rather than tax avoidance.
- He warned that departures by high-net-worth individuals could erode the tax base, noting that fewer than 2% of Indians pay direct taxes.
- The post spread widely on X, drawing reactions that ranged from critiques of governance to suggestions to relocate to cleaner smaller Indian cities such as Udupi, Mysore, Pondicherry, Nagpur and Kochi.
- News18 reported a survey claiming one in five of 150 ultra-high-net-worth individuals plan to emigrate while keeping Indian citizenship, though the article did not cite the survey’s origin.
- Hindustan Times flagged that the coverage relies on user-generated content and said it has not independently verified the claims, underscoring persistent uncertainty about representativeness.