1 year, 6 months ago
Why are the rich leaving India?
Live MintIndia is expected to lose 6,500 high net-worth individuals, worth $1 million or more this year, according to Henley and Partners, an advisory firm on investment-linked visas. Last year, India lost 7,500 HNWIs, the 3rd highest after China and war-wrecked Russia. The report said “these outflows are not particularly concerning as India produces far more new millionaires than it loses to migration". This year’s union budget reduced the surcharge for those earning more than ₹5 crore, cutting the top rate of tax from 42.7% to 39% under the new tax regime.
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History of this topic
6 months ago
Number of millionaires leaving India will reduce in 2024: Report
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11 months ago
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11 months, 1 week ago
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1 year, 6 months ago
Quick edit: Exit of the rich
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1 year, 6 months ago
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1 year, 10 months ago
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