Food For Thought

wealthymattersSince 2000, over 61,000 high net worth individuals – all dollar millionaires – have relocated outside India. The millionaires who left India vastly outnumber the number of people declaring incomes above Rs 1 crore annually – just about 43,000.


About Keerthika Singaravel

3 Responses to Food For Thought

  1. BellyBytes says:

    Very interesting indeed. But what is most interesting is how many dollar millionaires continue living in India without declaring their income and consequently not paying tax!

    • Mmmm that’s what leads me to say we need a total rethink on all matters taxation. But I doubt my deeply unfashionable views are going to have any takers.

      • BellyBytes says:

        Hear hear!

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