Did you know! 2.25 lakh Indians gave up citizenship and moved abroad in 2022

Highlights: 2.25 lakhs Indians emigrated abroad in 2022

• As per the Ministry of External Affairs, over 2 lakhs Indians have given up their citizenship to move abroad in 2022.
• It was revealed that Indians with a high net worth comprised most of the emigrant population.
• A list of 135 countries listed by the External Affairs of India whose citizenship Indians obtained.
• Residence by Investment is the process through which well-off Indians give up their citizenship.

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 Residence by Investment

• Residence by Investment is a process through which well-off Indian families give up their citizenship.
• The wealthy Indians who revoke their Indian citizenship while in the country are termed Dollar Millionaires or HNI.
• HNIs are Indians with a net value of 8.2 crores who plan on giving up their citizenship to settle abroad.
• 3,47,000 Indians are a part of the HNI group or the Dollar Millionaires.
• The primary 9 Indian cities that have the most population of the HNI crowd are given below:
• Delhi
• Mumbai
• Hyderabad
• Bengaluru
• Kolkata
• Pune
• Ahmedabad
• Gurgaon

Why are Indians emigrating abroad?

• Better employment opportunities
• Finer quality of life
• Advanced education system
• Updated healthcare facilities
• Dignity of labor
• Flexible lifestyle

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