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6,500 Millionaires May Leave India This Year

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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

Pahalgam Terror Attack Interrogated from Eyewitnesses of Dombivali

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Mumbai: The NIA, IB have also started interrogating the tourists from Maharashtra who witnessed the Pahalgam Terror Attack. A team has reached Dombivali to interrogate these tourists. The family of Atul Mane, Hemant Joshi, and Sanjay Lele from Dombivali had gone to Kashmir for tourism. In Pahalgam, the terrorists opened fire after asking who was a Hindu. During this, Atul Mane, Hemant Joshi, and Sanjay Lele died and this family has seen these terrorists very closely and is also an eyewitness to this matter.

Therefore, the investigation agencies have entered Dombivali, adjacent to Mumbai, to interrogate them. All the teams first appeared at the Dombivali police station and then left for the family’s house. The police have also intensified their operation against the terrorists and a reward of Rs 20 lakh has been placed on the terrorists. In addition, their identity has been established and a sketch has also been released. NIA sources said that these eyewitness statements can also be recorded to make progress in the case of the terrorist attack and the investigating agencies are also hopeful of getting more clues. After the painful incident, the NIA and the investigating agencies have now started collecting details from tourists from Maharashtra and tracing them.

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Maharashtra

Pahalgam terror attack: Visas of Pakistanis in the state cancelled, 55 Pakistani citizens in Maharashtra, CM Devendra Fadnavis directs action, police alert

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Mumbai: After the terrorist attack on Mumbai Pahalgam tourists, the process of collecting records of Pakistani citizens has now started in Maharashtra, along with which an order has been issued to leave India for Pakistani citizens. Regarding this, Maharashtra Chief Minister Devendra Fadnavis has said that orders have been issued regarding Pakistani citizens, in addition, an investigation of Pakistani citizens has also been started. If any Pakistani citizen is residing in India or Maharashtra illegally, action will be taken against him. He said that after the Pahalgam attack, Pakistanis have been ordered to leave the country, in addition, their visas have also been cancelled, along with this, cancellation of medical visas is also being considered. He said that after the order of the Ministry of Home Affairs, this will also be followed in Maharashtra.

Devendra Fadnavis said that the government has decided to cancel visas of Pakistani citizens. No citizen with a Pakistani visa should stay in India for more than 48 hours. Action will be taken against those Pakistanis who are staying illegally. Discussions have been held with the Home Ministry regarding this. They will strictly follow it. We have no sympathy for Pakistani actors or other artists. He said that when the enemy treats us like this, all the parties of the country unite. Atal Bihari Vajpayee had supported the then government in the Bangladesh issue. We are united. Fadnavis has said that Modi ji has announced to crush the terrorists. I am sure that Modi ji does what he says. He has kept his promise even before this. After the Pahalgam attack, Maharashtra Police is also on alert. Along with this, the police have started action in other cities including Mumbai. Devendra Fadnavis has also now given a 48-hour ultimatum to Pakistanis living in Maharashtra and the work of expelling all Pakistanis from the country has been started.

There are 55 Pakistani citizens living in Maharashtra, they are residing in different districts of the state. A senior official of the Home Department said that out of them, 19 are Pakistanis, 18 in Thane city, 12 in Nagpur, three in Jalgaon, one in Pune city, one in Navi Mumbai, Mumbai and Raigad. The state Home Department is very strict regarding Pakistanis and Maharashtra Chief Minister Devendra Fadnavis has also issued strict orders on this.

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Maharashtra

Fraud under the guise of Mumbai loan, Delhi call center exposed, fraud in the name of Bajaj Finance, three accused arrested, use of 105 mobile phones in fraud.

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Mumbai: The Cyber ​​Cell of the Mumbai Crime Branch has exposed a gang that is fooling people by luring them with interest-free loans. The complainant, a 70-year-old senior citizen, filed a complaint at the Cyber ​​Police Station, West Mumbai, after which the police took action and traced these fraudsters and also busted a call center in Delhi from where people were being fooled. The complainant was cheated from August 28, 2023 to November 2, 2024. The complainant was told that he could get a loan from Bajaj Finance Delhi at zero interest. Under the guise of this, the complainant received Rs 1.14 crore from banks in the name of fees for various matters. After that, the Crime Branch conducted an investigation and conducted a raid at Maximum Marketing Private Limited, Anand Vihar in Delhi and busted this call center. In this, the police arrested Shahzad Lal Khan alias Rehman, 30, Anuj Uttam Singh Raut alias Anil Kumar Yadav. 30-year-old and Aamir Hussain, 34, were arrested. 105 mobile phones and a laptop were recovered from their possession.

The investigation concluded that this mobile number has been used in cyber crimes across the country and this number has been used in 132 crimes. This operation was carried out by the Mumbai Crime Branch and Cyber ​​Cell. This operation was carried out on the instructions of Mumbai Police Commissioner Vivek Pansalkar, Special Commissioner Devin Bharti, Joint Police Commissioner Crime Lakshmi Gautam. DCP Crime Detection Datta Nalawade said that Mumbai Police has appealed to the citizens to remain alert against cyber fraud and not to invest in the lure of profit in the name of high investment. Do not fall for the trap of providing loans without documents on social media. Do not make any kind of investment on the advice of acquaintances and do not download any kind of mobile app. If anyone is a victim of fraud, immediately contact 1930.

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