Mumbai, June 19:슬롯 머신 사이트 추천India has been called "one of the fastest슬롯 머신 사이트 추천growing countries" in the world with numbers of ongoing development projects and government-facilitated entry of foreign countries. However, according to a report, around 4,300 millionaires are expected to슬롯 머신 사이트 추천leave India in 2024슬롯 머신 사이트 추천and move to other destinations for a number of reasons.슬롯 머신 사이트 추천

Although it cannot be called an "exodus", 슬롯 머신 사이트 추천there is still a considerable number of people leaving the country. The projection about슬롯 머신 사이트 추천the슬롯 머신 사이트 추천Indian millionaires leaving the country was reported by Henley & Partners, an international investment migration advisory firm based in London. Last year, a report published by the same firm슬롯 머신 사이트 추천said that 5,100 Indian millionaires had relocated to슬롯 머신 사이트 추천other countries, according to a슬롯 머신 사이트 추천슬롯 머신 사이트 추천by슬롯 머신 사이트 추천NDTV.슬롯 머신 사이트 추천Elon Musk Flies to France and Attends Cannes Lions 2024 Global Festival, Talks About AI and X Platform; Check Details/

The report said that슬롯 머신 사이트 추천most of the departing millionaires would슬롯 머신 사이트 추천retain business in슬롯 머신 사이트 추천India as well as a second home, suggesting슬롯 머신 사이트 추천ongoing economic ties. Further, it슬롯 머신 사이트 추천said that슬롯 머신 사이트 추천every year, thousands of millionaires leave India for other countries.슬롯 머신 사이트 추천The report highlighted that many of these departing슬롯 머신 사이트 추천people슬롯 머신 사이트 추천would prefer the UAE. According to Henley & Partners,슬롯 머신 사이트 추천India continued to슬롯 머신 사이트 추천produce far more new "high-net-worth individuals" than those it lost to emigration.슬롯 머신 사이트 추천

Why슬롯 머신 사이트 추천do Millionaires Move to the UAE?

NDTV슬롯 머신 사이트 추천reported that the Indian private banks and wealth슬롯 머신 사이트 추천management platform had been taking active steps to expand into the UAE to provide investment advisory services to their clients. The report슬롯 머신 사이트 추천said that other banks had also been strengthening their슬롯 머신 사이트 추천presence in the UAE to ensure competitive wealth management services to Indian families.슬롯 머신 사이트 추천It pointed out Kotak Mahindra Bank and 360 ONE Wealth as the wealth services providers in the UAE. These firms had reportedly been슬롯 머신 사이트 추천ensuring not to lose to competitions.슬롯 머신 사이트 추천

Global Billionaire's Migration to Other Countries

In 2024, the report highlighted that around 1,28,000 millionaires would relocate mostly to the UAE and the UAE. While these millionaires move to other countries, they슬롯 머신 사이트 추천make significant contributions to foreign exchange reserves as they move assets with them.슬롯 머신 사이트 추천These슬롯 머신 사이트 추천individuals also invest and simulate in local stock markets슬롯 머신 사이트 추천via equity placement. Besides, these millionaires already operate their businesses, which generate high-profile jobs and슬롯 머신 사이트 추천benefit middle-class individuals. The same effect was reportedly demonstrated by the tech giants like Microsoft, Apple and Tesla.

Why Millionaires Relocate to Other Countries; Check the Reasons

While there are a number of reasons why the millionaires prefer different countries, the report슬롯 머신 사이트 추천highlighted that슬롯 머신 사이트 추천it could include safety, tax benefits, business opportunities,슬롯 머신 사이트 추천educational슬롯 머신 사이트 추천opportunities,슬롯 머신 사이트 추천favourable lifestyle, healthcare or collectively "the quality of life".슬롯 머신 사이트 추천Indian Government Planning To Revamp PLI Schemes To Boost MSME Sector by Relaxing Norms for Releasing Funds, Including More Sectors.

India currently holds the fifth rank globally슬롯 머신 사이트 추천in terms of economy and is projected to rank슬롯 머신 사이트 추천higher in슬롯 머신 사이트 추천the future. It is also the country that holds the third spot in terms of the migration of슬롯 머신 사이트 추천millionaires after China and the UK. In terms of population, India has슬롯 머신 사이트 추천also surpassed China and has become the슬롯 머신 사이트 추천most populous country in the world.슬롯 머신 사이트 추천The report said that India's net millionaire departure is less than 30% of China's numbers.슬롯 머신 사이트 추천

(The above story first appeared on LatestLY on Jun 19, 2024 05:39 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).