NEW DELHI, July 2 —As global wealth migration accelerates in 2025, India is set to witness the departure of 3,500 millionaires—individuals with a net worth of $1 million or more—along with an estimated $26 billion in private wealth, according to the annual Wealth Migration Report published by Henley & Partners, a global citizenship and investment advisory firm.
The report projects that 142,000 millionaires across the world will relocate to new countries this year, continuing a trend tied closely to globalisation. While India’s number is slightly lower than last year’s 4,800, the outflow remains significant for the country’s economy and capital markets.
Henley & Partners emphasizes that millionaire migration has real-world economic impacts. “When people migrate, they take their wealth along with them,” the report notes, adding that this mobile capital contributes to foreign exchange earnings, the creation of new businesses, job generation, and the strengthening of local stock markets in destination countries.
Though the report does not name specific destinations, countries like Australia, the UAE, the United States, and Singapore have historically ranked among the top beneficiaries of such wealth migration due to their stable economies, investor-friendly policies, and robust infrastructure.
Experts cite several reasons why affluent Indians are choosing to leave the country. Among the most cited are inadequate infrastructure, limited financial growth opportunities, and relatively high tax burdens. These factors, they say, make wealth preservation and expansion more difficult within the domestic ecosystem.
The migration trend, while reflective of global patterns, raises concern for India’s long-term financial health. “This is not just about individuals moving—it’s a transfer of capital, entrepreneurship, and economic energy,” a financial analyst said. “Losing high-net-worth individuals can impact investment flows, especially in startups, real estate, and local equity markets.”
Henley & Partners tracks such movement annually and publishes detailed insights on its website, offering data-backed analysis of how and why global wealth shifts across borders.
As the world becomes more interconnected, the firm notes, countries must address the root causes behind wealth flight to remain competitive in attracting and retaining financial elites.
