Of HNI outflows....

India saw the fourth-biggest outflow of high net worth individuals globally in 2015 with 4,000 millionaires shifting overseas. According to a report by New World Wealth, some 4,000 wealthy Indians changed their domicile in 2015, while France saw the maximum outflow of millionaires with as many as 10,000 leaving.
France was followed by China, with 9,000 leaving the country while Italy stood at third with 6,000 exits. The report said France is being heavily impacted by rising religious tension, especially in urban areas. “We expect that millionaire migration away from France will accelerate as these tensions escalate,“ it said. Many European countries such as Belgium, Germany , Sweden and the UK, are likely to witness millionaires moving out in the near future due to religious tension, according to a report by New World Wealth.
In terms of millionaire inflows, Australia topped the chart with 8,000 shifting base there, followed by the US (7,000) and Canada (5,000) in the second and third place respectively. Millionaires, otherwise known as “high networth individuals“ or “HNWIs“ refer to individuals with net assets of $1 million or more, excluding their primary residences. “The outflows from India and China are not particularly concerning as these countries are still producing far more new millionaires than they are losing,“ the report said. “Once the standard of living in these countries improves, we expect several wealthy people to move back,“ it added.

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