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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The migration of Indian millionaires is largely driven by a search for a better lifestyle, safer environment, and access to premium health and education services. But cronyism is also a factor.
The world’s wealthiest individuals are increasingly choosing to relocate outside of their home countries. And rich Indians form a significant part of this chunk.
The Henley Private Wealth Migration Report 2024, released by investment migration advisory firm Henley & Partners, has estimated that around 4,300 millionaires could leave India this year. While this is a drop from the 5,100 millionaires who left the country in 2023, the trend of Indian millionaires choosing to settle elsewhere has become increasingly rampant.
Losing millionaires: In 2024, India is poised to witness the third highest migration of millionaires in the world, after China …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
