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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

Protection of religious places in Bhiwandi road expansion project, MLA Raees Sheikh assures protection of religious places after meeting with Municipal Commissioner

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rais shaikh

Mumbai: Samajwadi Party leader and MLA Raees Sheikh has demanded protection of religious places like mosque, temple, gurudwara, and Samaj Mandir in the Bhiwandi road expansion project. He has also demanded rehabilitation and compensation for the victims of the Bhiwandi and Kalyan road expansion project. Raees Sheikh was being accused of supporting the DP plan to benefit the builder lobby, after which Raees Sheikh met the Municipal Commissioner Bhiwandi Nizampur today and made it clear that the road and DP plan and policy are not prepared by the MLA. He said that the road expansion and DP plan should be changed and the protection of religious places should be ensured, on which the Municipal Commissioner Bhiwandi Nizampur assured Raees Sheikh that the protection of religious places will be maintained. If it is an obstacle in the survey, then necessary changes should be made in the project along with ensuring their protection. He said that religious places of any nature will be protected.

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Maharashtra

Khan can also become the mayor of Mumbai, just be a citizen of Mumbai… Criticism on BJP leader amiyat satum, Rais Sheikh Brahm for trying to give religious color to everything

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Mumbai: If you are a citizen of Mumbai and love Mumbaikars, then any person from Mumbai, D’Souza, Khan, Khanolkar, can become the Mayor. The BJP in Mumbai views everything through a religious lens, and this is completely wrong, said Mumbai Samajwadi Party MLA Raees Shaikh on Wednesday, reacting to a statement by BJP Mumbai president MLA Amit Satam. On Tuesday, BJP’s victory in Worli was challenged by MLA Amit Satam at the Sankalp rally, ‘If Shiv Sena (UBT) comes to power in the Mumbai Municipal Corporation, then ‘Khan’ will become the mayor of Mumbai. But the BJP will not let this happen. Any attempt to change the colour of Mumbai will be thwarted. Taking notice of this, MLA Raees Sheikh said, “Anyone can become the mayor of Mumbai, be it a Bohri, Parsi, Christian, Marathi, Muslim, Mumbai city is not a personal fiefdom of BJP, if Mumbaikars express their faith, then a Mumbaikar of any caste or religion can become the mayor of this city. MLA Sheikh further said that the double engine government in the state has ended. BJP has no problem left for Mumbai’s development. Therefore, BJP leaders create such problems and problems which increase religious division during the election period. BJP does not consider Mumbai’s development important. Therefore, this city is being made unsafe. The blood of our ancestors is also in the soil of this country. What do you see in the religion of political leaders? Look at the leader’s contribution and work in development, Raees Sheikh strongly criticized the BJP president and made these targeted criticisms. Made.

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Maharashtra

Mumbai Goregaon illegal call center exposed, 15 accused arrested

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Mumbai: The Mumbai Crime Branch has claimed to have busted an illegal call centre in the Goregaon area of ​​Mumbai. The call centre was used to defraud American citizens. In the name of updating antivirus software on a toll-free number, it used to fool American citizens and lure them into investing in crypto currency and dollars by luring them to buy gifts worth $250 to $500. On September 15, the Crime Branch Unit 12 received a tip-off and arrested 15 accused during the raid and recovered 10 laptops, 20 mobile phones, two call centre operators, a manager and 10 tolly group agents from the possession of the accused. The Crime Branch has registered a case under the Cheating and IT Act in this case. The operation was carried out on the instructions of Mumbai Police Commissioner Deven Bharti, Joint Police Commissioner Lakshmi Gautam and DCP Vishal Thakur.

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