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.
Wednesday, 14th April 2021

- 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.
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