India, Nov. 30 -- NEW DELHI: An increasing number of rich Indians are moving out of India to settle abroad. In 2018 alone, more than 5,000 High Net Worth Individuals (HNWIs), totalling to around 2% of the total number of rich Indians, have migrated to other countries, according to the Global Wealth Migration Review of 2019.

These super rich Indians have taken the exit route from India for better business opportunities, better lifestyle, to avoid pollution and health hazards and financial concerns, among other reasons.

The HNWIs chose to get citizenships of the countries they have migrated to by making huge investments there. These schemes are known as Citizenship by Investment Programme and Residence by Investment Programme.

For years,...