New Delhi, March 27 -- One in five ultra-high-net-worth individuals (Ultra-HNIs) in India is either in the process of migrating abroad or planning to do so, while still retaining their Indian citizenship, according to a report by Kotak Bank.

The report highlighted that many of these wealthy individuals plan to settle permanently in their chosen foreign destinations. Among them, professionals show a higher tendency to migrate compared to entrepreneurs or inheritors.

The report said "1 in 5 Ultra-HNIs surveyed are currently in the process of or plan to migrate, most of whom intend to reside in their chosen host country permanently while retaining their Indian citizenship".

Additionally, those aged between 36-40 years and those above 61 y...