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Renouncing citizenship of Indians
February 23 , 2023
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- In 2022, over 2.25 lakh Indians renounced Indian citizenship.
- This is the highest ever since 2011.
- 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.
- HNIs are those who have wealth of over $1 million or ₹8.2 crore.
- According to the Henley Global Citizens Report, there were 3.47 lakh such people in India in December 2021.
- Of these, 1.49 lakh HNIs were found in just nine cities: Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Pune, Chennai, Gurgaon, and Ahmedabad.
- India ranked fourth in the world in terms of privately-held wealth, after the U.S., China, and Japan.
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