Wealthy Indians leaving country to have better future in the Caribbean
UHNWI individuals are the ultra-rich people who make money out of their large scale businesses. As per the Wealth Report 2021, there are currently 5,21,653 UHNWIs globally.
2024-07-07 15:35:16

- Lack of government support: Most of the businesses in India lack government support; even though the government endeavours to create new policies to promote new businesses, massive corruption leads to regular failures in implementation.
- Political disability: India often experiences conflicts, insecurity, violence caused by poor governance, corruption & human right abuses, which makes establishing businesses difficult for safety and security or political freedom.
- Socio-Cultural Reasons: Even though India is a diverse country, there is still discrimination based on ethnicity or religion, making the UHNWI move to other countries to attain more freedom from discrimination.
- Environmental Reasons: Infrastructures lack safety and security because of massive corruption in sectors the administration fails to create safer societies and better infrastructures.
- Tax Fright: To meeting their monthly targets, Indian revenue officials often misbehave with business owners forcing them to displace to countries with much better tax reforms.
Monika Walker is a senior journalist specializing in regional and international politics, offering in-depth analysis on governance, diplomacy, and key global developments. With a degree in International Journalism, she is dedicated to amplifying underrepresented voices through factual reporting. She also covers world news across every genre, providing readers with balanced and timely insights that connect the Caribbean to global conversations.
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