Approximately 4,300 millionaires are expected to leave India this year, with many choosing the UAE as their destination, according to an international investment migration advisory Henley & Partners report.
This follows last year's report, which noted that 5,100 Indian millionaires moved abroad. India, now the fastest-growing economy in the world, is projected to rank third globally in terms of millionaire migrations, after China and the UK.
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Despite overtaking China as the world's most populous nation, India's net millionaire exodus is less than 30% of China's.
Globally, around 128,000 millionaires are anticipated to relocate in 2024, with the UAE and the USA being the top destinations