This article first appeared in The Economic Times on Jan 03, 2025
In recent years, many wealthy Indians have been looking to relocate to other countries in search of a better quality of life. While economic opportunities play a role, other factors such as pollution, poor infrastructure, and overcrowding in Indian cities are pushing them away. Issues like deteriorating air quality, inadequate waste management, and inefficient urban planning make everyday life difficult for residents. As a result, an increasing number of high-net-worth individuals (HNWIs) are exploring options for foreign residency and citizenship.
A notable example is the recent statement from Virat Kohli’s coach, suggesting that the cricket superstar is considering moving with his family to London. While unconfirmed, such reports highlight a broader trend: many wealthy Indians are seeking permanent residency in countries like the UK, Canada, and Singapore. These nations offer cleaner environments, better public infrastructure, and a more organized urban lifestyle, making them attractive destinations for relocation.
Many Indian cities, particularly Delhi and Mumbai, suffer from severe air pollution. Studies show that prolonged exposure to toxic air increases the risk of respiratory diseases and reduces overall life expectancy. In contrast, cities like London and Toronto offer significantly cleaner air and greener spaces, making them desirable alternatives.
Despite India’s economic progress, its urban infrastructure remains underdeveloped compared to global standards. Poor road conditions, frequent traffic congestion, and inadequate waste disposal systems reduce the efficiency of daily life. Countries such as Singapore and Dubai, on the other hand, boast world-class infrastructure, modern transport networks, and excellent public amenities, making them attractive destinations for relocation.
Another key reason many wealthy Indians consider moving abroad is access to high-quality education and healthcare. Nations like Canada and the UK offer top-ranked universities and advanced medical facilities, which are often superior to those available in India. Parents seeking a brighter future for their children see immigration as a means to provide them with the best opportunities.
To prevent this ongoing wealth migration, India needs to implement meaningful reforms. Empowering municipalities, improving waste management, investing in clean energy, and promoting digital governance could significantly enhance urban living conditions. Stronger public-private partnerships could also help bridge the gap between policy and execution, ensuring better city management.
Without these improvements, many wealthy Indians will continue to look for greener pastures abroad, taking their wealth and expertise with them…
Read More in The Economic Times
Find more Global Indian Top Reads