Real estate tycoon Niranjan Hiranandani has said that India's recent trend of millionaire migration is not a cause for concern, arguing that most of the wealthy who move abroad continue to earn and invest in India. He said migration of wealth creators is not unusual, as global high-net-worth individuals often relocate to tax havens. Advertisement

"Wealth creators the world over move to areas that are tax havens. So not a surprise for me. What actually worried me more was that the technocrats, the people who were doctors, engineers, all those people who are now CEOs of multinationals world over, (moved out). We need to have more of them remaining in India," he said in a podcast conversation with ANI's Smita Prakash.

Hiranandani added that the number of Indians leaving each year is too sm

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