A 2018 bank report found that 23,000 Indian millionaires had left the country since 2014. […] nearly 5,000 millionaires, or 2% of the total number of high net-worth individuals in India left the country in 2020 alone. […] Covid-19 has been a big driver of what was an ongoing trend of wealthy Indians seeking to “globalise their lives and assets” according to H&P. So much so that the firm set up its office in India in the middle of the lockdown last year to cater to growing demand.
BBC