Why High Net-Worth Individuals Are Leaving India For The West

The reasons why high-net-worth individuals are leaving India for the West are better healthcare, open and flexible business environments, and access to better academic and professional opportunities.

Pankaj Sharma, 50, moved to Canada in 2019. He followed his wife, Pooja Tandon, an IT professional who was first offered a role there. In 2022, the family applied for permanent residency that will make them eligible for Canadian citizenship after five years, on fulfilling certain conditions.

“The primary reason to move here was professional, but after coming here we realised that our daughter was at a stage in her life that we could not change her education system too often, so we applied for permanent residency and got it,” Mr. Sharma said. He added that his daughter, who often fell sick in Delhi due to air pollution, has not complained of chest infection even once since they moved to Canada. 

In 2022, over 2.25 lakh Indians renounced Indian citizenship, the highest ever since 2011, according to data tabled by the Ministry of External Affairs (MEA) in Parliament on February 9. The data reflects how Indians, especially high net worth individuals (HNIs) are moving westward with new passports, in search of better opportunities, healthcare, quality of life, and education, among several other factors. 

California Governor Gavin Newsom has implemented a new law that has raised concerns among American citizens. Gavin Newsom is set to allow illegals to police Americans as cops.

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