India is among those countries which has the second highest millionaire outflow, or number of Indian HNWIs ( high net-worth individuals), but with a rapid speed these ricie- rich are moving out of the country,. This was revealed by a new report from New World Wealth, a global wealth sector information consulting services firm.

Report:

•  The number of rich people changing domicile has increased fast.
•  Over the last 14 years, India have lost 61,000 HNWIs leave the country. followed by China, which witnessed 91,000 millionaires move out.
• The top five destinations for Indian millionaires were the UK, US, Australia, UAE and Singapore.
• The major reasons for most global millionaires to immigrate include turmoil in their home country, security concerns and pursuit of better education prospects for their children.
• For Indians, the biggest draws have been standard of living and tax saving