Over 7,000 super-rich Indians shifted base in 2017

(Wednesday, 4th July 2018)

During 2017, India witnessed the second largest number of millionaire outflow globally after China with 7,000 high-net- worth individuals changing their domicile, 16% more than last year, according to a report.

Based on the report by New World Wealth, 7,000 ultra-rich Indians shifted overseas in 2017. In 2016, the figure stood at 6,000, a jump of 1,000, while in 2015 many as 4,000 millionaires migrated overseas.

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