One in Five Rich Indians Want to Relocate Abroad for Better Opportunities - Survey Finds

Growing Migration Trend Among the Wealthy

The survey, conducted across 12 cities in the first half of 2024-25, involved interviews with 150 UHNIs and private bankers. EY analyzed and validated the findings through industry interactions. The study focused on individuals with a net worth exceeding ₹25 crore, though Kotak’s private banking division primarily caters to those with assets over ₹300 crore.

The trend highlights a growing preference among wealthy Indians to diversify their assets across both domestic and international markets. Nearly one-third of surveyed UHNIs now hold global assets, with many acquiring residential real estate abroad as part of their migration and permanent residency plans.

Wealth Planning & Future Investments

Succession planning has become a critical priority, with two out of three UHNIs actively working on structured wealth transition strategies. The pandemic accelerated this shift, prompting many to formalize their estate plans earlier than expected. Family offices and estate planning have gained traction as key tools to ensure long-term wealth preservation.

Beyond financial investments, the survey found a notable increase in spending on health and wellness, with a majority of UHNIs allocating more funds to healthcare. Education also remains a top priority, with wealthy families ensuring their next generation receives global exposure and skill development to navigate a rapidly evolving world.

Additionally, UHNIs are increasingly investing in collectibles, including art and antiques, to preserve family heritage and cultural legacy.

As the trend of overseas migration among India’s wealthiest individuals gains momentum, it reflects broader shifts in global wealth distribution and strategic financial planning among high-net-worth individuals.