Connect with us
Monday,27-July-2026
Breaking News

General

6,500 Millionaires May Leave India This Year

Published

on

India is projected to witness a net outflow of over 6,500 millionaires or high net worth individuals (HNIs) during 2023 claimed The Henley Private Wealth Migration Report 2023. This is slightly lower than last year’s net outflow of 7,5000 HNIs.

China to witness highest outflow of HNIs

According to the study, India is the second-largest country in terms of migration of HNIs, following that of China. In 2023 the report claims that the net outflow of millionaires from China will be at 13,500, which is higher than 10,800 estimated in 2022.

UK third on the list

The third in the list is The United Kingdom with an estimated net outflow of HNIs at 3,200. This is double from the previous year’s predictions of 1,600.

The Henley Private Wealth Migration Report 2023 that was released on Tuesday, forecasts the net inflow and outflow of millionaires based on the projections by global wealth intelligence firm New World Wealth.

Currently India has 3.4 lakh millionaires whereas China has 7.8 lakh millionaires.

Outflow of millionaires not particularly concerning

However, the report claims that according to India’s capacity to generate new millionaires, the outflow numbers may not be particularly concerning. India’s millionaire population is expected to see an 80 per cent jump by the year 2031, making India one of the world’s fastest-growing wealth markets during this period.

This remarkable growth would be on the back of thriving healthcare, technology and financial sectors within the country.

Additionally, amongst the top three countries in the list only India has seen a decrease in the net outflow of millionaires.

Trend of returning individuals

According to New World Wealth, there has been a notable trend of many affluent individuals returning to the country. However, the exact number for the same has not been provided in the report. But the report claims that with the improving lifestyle in India there is a higher possibility of such millionaires returning to India.

Australia on the other hand is expected to attract the highest net inflow of HNIs this year with 5,200 moving to the country against 3,800 from last year. UAE ranks second with an significant influx of 4,500 new millionaires this year after it saw a record-breaking new arrival of 5,200 millionaires in 2022. The third place is held by Singapore with a net inflow of 3,200 millionaires, its highest ever on record.

Maharashtra

Work on Panjrapur pumping station begins, 15% water supply cut likely in some western and eastern suburbs of the city

Published

on

Mumbai: The Hydraulic Engineering Department of Mumbai Municipal Corporation (BMC) is undertaking a major project to replace the existing 6.6 kV High Tension (HT) Control Panels at Mumbai-3A Pumping Station in Panjrapur. As a result, water supply from Panjrapur to Bhandup Water Treatment Plant will remain suspended for a period of 20 hours i.e. from 9:00 AM on Tuesday, July 28, 2026 to 5:00 AM on Wednesday, July 29, 2026. As a result, water supply may be reduced by 15% in some parts and sub-parts of the city. The Eastern Suburbs Municipal Corporation administration humbly requests the citizens to take notice of this and extend their cooperation. The project involves replacing the 6.6 kV HT Control Panels at Mumbai-3A Pumping Station in Panjrapur. Under this initiative, 10 existing old HT Control Panels will be replaced with 10 new, modern, and efficient HT Control Panels. In the first phase, 4 out of a total of 10 HT control panels will be replaced. The work is to be carried out from 9:00 AM on Tuesday, July 28, 2026 to 5:00 AM on Wednesday, July 29, 2026. In order to carry out the work safely and in an orderly manner, it is necessary to shut down the ‘Mumbai 3A Pumping Station’ for about 20 hours. As a result, water supply from Panjrapur to Bhandup Water Treatment Plant will remain suspended for this 20-hour period i.e. from 9:00 AM on July 28, 2026 to 5:00 AM on July 29, 2026. This may result in a 15% reduction in water supply across the city and water supply may be reduced in some areas. The Suburbs Municipal Corporation administration strongly appeals to the citizens to take notice of this and cooperate.

Continue Reading

Maharashtra

Mumbai: Criminal arrested with a pistol and cartridges from Kala Chowki

Published

on

Mumbai: During an operation within the limits of Kala Chowki police station in Mumbai, the police have claimed to have arrested a 32-year-old criminal named Arif Mohammad Aslam Sheikh. The police have also recovered a pistol and 6 live cartridges from his possession. Mohammad Aslam Sheikh has 8 cases of assault registered against him, along with one case registered in Bandra and Sahar police stations. The accused had also been expelled from the city twice. This operation was carried out on the instructions of Mumbai Police Commissioner Devin Bharti, Joint Police Commissioner Manoj Kumar Sharma and DCP Anurag Jain.

Continue Reading

Maharashtra

Conspiracy to create unrest in Cockroach Janata Party protest exposed, Maharashtra Cyber ​​operation: More than 500 accounts involved in misguidance

Published

on

Mumbai: The Maharashtra Cyber ​​Cell has exposed the conspiracy of the Cockroach Janata Party to create violence and nationwide unrest during the protests and identified 500 such handles that were active and active from outside the country. The Pakistani conspiracy has also been exposed in this. The Cyber ​​Cell has taken action in the matter of spreading false information, misinformation campaigns and malicious content on social media during the protests. In this, 500 such accounts have been identified and closed after being closed. These accounts were active in adversely affecting national security and social harmony in the country. In view of the nationwide protests related to the Cockroach Janata Party CJP, Maharashtra Cyber ​​has identified such accounts during an operation. Their data was studied and such videos that were created using AI and other methods were found in the examination of deep fake videos. This includes an attempt to spread unrest among the public and affecting national security. Anti-social elements were spreading misleading propaganda through such accounts on social media. During the monitoring, 429 accounts and objectionable content were removed from social media, along with other sources including X, Instagram, Facebook, YouTube, which had misleading content. About 100 accounts were also found that were posting misleading content with the help of AI. This includes more than 140 posts and profiles that were created with artificial AI. This has been confirmed by SP Ajay Kumar Bansal. He said that misleading posts and videos are still viral on social media, in which case the police are taking further action.

Continue Reading

Trending