Explained: Why Millionaires Leaving Indian Citizenship

Why Millionaires Leaving Indian Citizenship –   Do You know that  “ On an average 1.5 lakh people are giving up their citizenship of India every year, more than 6 lakh citizens left citizenship in the last 5 years and, In the year 2021, 1,63,370 people said goodbye to Indian citizenship. Who are these people? Where are they settling after leaving India and above all these, the most important thing is “what is the reason for leaving the citizenship of India”.

Friends, you are going to get the answers of all these questions in this video, so watch this video till the end.

During the in the last three years, 3.92 Lakhs people left the citizenship of India and took citizenship in other countries. I am not saying this, This is the government’s statement.

The  Union Minister of State for Home Nityanand Rai told in the Lok Sabha that according to the data received from the Ministry of External Affairs, 3. 92 lakh people left the citizenship of India in the last 3 years and have acquired citizenship of 120 other countries. Out of these, maximum 1 lakh 70 thousand people have taken citizenship of America. The Central Government gave this information in the Lok Sabha on Tuesday. Not only this, there are 48 citizens who have left India and taken the citizenship of neighboring country Pakistan.

ALSO WATCH THIS VIDEO – Explained: Why Millionaires Leaving Indian Citizenship

In a written reply in Lok Sabha, Union Minister of State for Home Nityanand Rai said that in 2019, 2020 and 2021, a total of 3,92,643 people have left the citizenship of India.

Of these, 1,70,795 people took US citizenship. While 64,071 people have become Canadian citizens. Apart from this, 58,391 people visited Australia, 35,435 people from UK, 12131 people from Italy and 8,882 people have taken New Zealand citizenship. While 7,046 people have reached Singapore, 6,690 people have reached Germany, 3,754 people have reached Sweden and 48 people have reached Pakistan.

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In the last one Year, 2021, “ 1,63,370 people have left the citizenship of India. Out of these, 78,284 Indians have taken citizenship of America, 23,533 people have taken citizenship of Australia. At the same time, 21,597 people have reached Canada and 14,637 have reached Britain.

In the last 5 years, more than 6 lakh citizens gave up their citizenship of India.  Earlier, in response to Aaj Tak’s RTI, the Ministry of Home Affairs had told that in the last 5 years, more than 6 lakh citizens of India have given up citizenship. According to the ministry, from 2017 to 2021, 6,08,162 people have given up their citizenship of India. On an  average, every year 1,21,632 people have given up their citizenship of India.

How many people took citizenship of India in 5 years

In the last 5 years, 5220 foreigners have got citizenship of India. Of these, 87% i.e. 4552 have come from Pakistan. Every year about 1044 people have been given citizenship in India. Pakistan is at the forefront of taking Indian citizenship. 87% of people from Pakistan, 8% from Afghanistan and 2% of Bangladesh have taken citizenship of India. In the last 5 years, only in 2021 alone, more than 1000 people were given citizenship. A total of 1745 people got citizenship of India in 2021, out of which 1580 came from Pakistan.

who are those people and why are they leaving the citizenship

Now the most important question is, who are those people and why are they leaving the citizenship of India, then the answer is that the Indian rich are leaving the country, that is, in common word, most of the country’s millionaires are leaving the country’s citizenship.

In the year 2018, a bank named Morgan Stanley released a data. According to which, 23,000 Indian millionaires left the country between 2014 and 2018.

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Whereas the Global Wealth Migration Review report states that in the year 2020, around 5000 Indian millionaires left the country.

Actually, nowadays there is a competition among rich Indian citizens to get the golden visa. That is, taking citizenship of a country through investment.

According to a report by Henry & Partners, a citizenship and visa provider in other countries, the number of Indians inquiring about citizenship rules increased by 54 percent in 2021 compared to the year 2020. Whereas in the year 2020 compared to the year 2019, there was an increase of 63 percent in this number.

why people are leaving Indian citizenship. Now the question arises that why people are leaving Indian citizenship. According to experts, there are some major reasons for those who leave the citizenship of India.

First reason is business security.

Actually, the rich people of India feel that the Indian government is not able to provide them with a favorable business environment, due to which they invest in some other country and take citizenship of that country.

Second big reason is the living standard.

The rich people of India feel that the living standard they will get in America, England, Australia or Canada they will not get it here.

Education is also a big reason

Education is also a reason. People living abroad, leaving Indian citizenship, feel that western countries are better than India in terms of education.

Let us tell you, the number of Indian students in the US has increased by about 12 percent in 2021 as compared to the year 2020.

According to a report, it has been seen in the last few years that about 70 to 80 percent of Indian students going abroad for studies do not return to the country. better future and