Eye on Global Horizons

While one in five UHNIs is considering moving abroad, some estimates indicate a significant slowdown in the actual outflow of the wealthy

- By SAMREEN WANI

Though a fifth of the uber rich express an intent to migrate out of the country, fewer of them are doing so each year.

Most of them still plan to stay in India, according to a survey by Kotak Mahindra Bank.

While one in five ultrahigh-net-worth individuals (UHNIs), or those with a net worth of ₹25 crore or above, are considering or planning to move abroad, some estimates indicate a significant slowdown in the actual outflow of millionaires from the country.