40% of entrepreneurs and professionals surveyed say that membership in private clubs is an "essential" spend.
Ultra-HNIs dedicate 7% of their expenses to foreign travel for leisure.
With 85,698 HNWIs and 191 billionaires, India is positioning itself as a key player in the global wealth landscape.
The index evaluates how combining premium education with additional investment-based residence and citizenship rights creates significant opportunity for the next generation
In 2022, more than 1.9 lakh (190,000) Indians became citizens of OECD countries, a 40% increase from previous years, making India the top country for new citizens in these nations
Hong Kong ranked fourth with $70 billion in transferred assets to Singapore; the rest of Asia collectively parked over $370 billion in the island nation.
Australia has regained the top spot in New World Wealth's 2023 list of destinations forecast to enjoy the highest net inflows of high-net-worth individuals globally, replacing the UAE.
What course correction does the PLI scheme need? Why are millionaires deserting India? Can Indian markets stay immune to US Fed's hawkish pause? What are dark patterns? All answers here
Prohibitive tax laws coupled with convoluted and complex rules on outbound remittances that are open to misinterpretation and abuse are among the problems that have triggered the migration
According to the report by New World Wealth, 7,000 ultra-rich Indians shifted overseas in 2017