The story so far: A growing number of Indians are opting to surrender their passports, eventually renouncing their citizenship. Last month, the Central government told Parliament that more than 15 lakh Indians had relinquished their citizenship in the past decade, including around 87,000 this year, with most headed to the United States of America.
While the Ministry of External Affairs (MEA) claimed that many are taking up foreign citizenship to explore the global workplace and for reasons of “personal convenience”, the ‘great Indian migration’ is primarily believed to be an outcome of the search for better economic opportunities and improved social security. Data show that even millionaires are leaving the country. According to a recent report by the London-based Henley & Partners (H&P), around 6,500 high-net-worth individuals (HNIs) are expected to move out of India this year — the second-highest estimated net outflow globally after China.
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