Over 1 lakh Indians gave up citizenship in 10 months of 2022: Govt in Lok Sabha 09 Dec 2022, By Sayantani Biswas https://www.livemint.com/news/india/over-1-lakh-indian-gave-up-citizenship-between-january-to-october-2022-government-informs-lok-sabha-11670589857164.html Muralieedharan informed the Lok Sabha that according to information available, 131,489 people gave up their Indian citizenship in 2015, 141,603 in 2016, 133,049 in 2017, 134,561 in 2018, 144,017 in 2019, 85,256 in 2020, 163,370 in 2021 and 1,83,741 till October 31 this year.
According to the Hindustan Times report, Muraleedharan said the ministry does not keep a tab on the “wealth taken away from India" by those who renounce their citizenship.
https://www.telegraphindia.com/business/over-8000-millionaires-set-to-leave-india/cid/1870040 About 8,000 dollar millionaires are likely to move out of India in 2022 — making it one of the top three countries to experience the exodus of the wealthiest, a new study has claimed. The key drivers for migration are the desire for higher standard of living, better educational and health facilities and also to get away from the stringent tax residency rule and the high rate of individual tax in India, Henley Global Citizens Report, 2022 Q2, stated
According to Bijal Ajinkya, partner in direct tax, private client and investment fund practices in solicitor firm Khaitan & Co, stringent tax rules and reporting requirements along with the desire for stronger passports remain the key drivers for Indians who are favouring the EU countries, Dubai and Singapore for relocation.
In May 19, 2015 , PM Modi insulting comments: People were ashamed of being Indians https://www.youtube.com/watch?v=mLpxSL82ihQ
Indian PM Narendra Modi, known for his rhetorical and powerful speeches, has gone too far with his comments, when one of his statements was taken as an insult. Modi had said that people were ashamed of being Indians before he became Prime Minister.