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22% of India's Ultra-Wealthy Eye Migration by 2028

3/27/2025

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Summary

Story summary

A recent Kotak Bank survey uncovers that 22% of India's ultra-high-net-worth individuals are contemplating migration, driven by desires for improved living conditions and education. The U.S., U.K., Australia, Canada, and UAE top their list of preferred destinations, with many planning to maintain their Indian citizenship. By 2028, the UHNI population is expected to soar to 4.3 lakh, amassing a staggering wealth of Rs 359 trillion.

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Story summary

A recent Kotak Bank survey uncovers that 22% of India's ultra-high-net-worth individuals are contemplating migration, driven by desires for improved living conditions and education. The U.S., U.K., Australia, Canada, and UAE top their list of preferred destinations, with many planning to maintain their Indian citizenship. By 2028, the UHNI population is expected to soar to 4.3 lakh, amassing a staggering wealth of Rs 359 trillion.