61,000 Indian millionaires move overseas in 14 years !
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61,000 Indian millionaires move overseas in 14 years !

A joint report by New World Wealth and LIO Global said some 61,000 uber rich Indians changed domiciles between 2000 and 2014, mainly due to reasons such as tax, security and child education.

Most of the migrating millionaire Indians moved to the UAE, UK, US and Australia. Overall however the UK has seen the biggest flow of HNWIs (high net worth individuals or those with net assets of $1 million or more).

Other countries that saw significant outflows of migrants include France, Italy, Russia, Indonesia, South Africa and Egypt.