A new report states that 4000 millionaires* from India shifted abroad in 2015.
It is the fourth-biggest outflow of high net worth individuals globally in 2015 according to a report by New World Wealth.
France tops the list with maximum outflow of millionaires with as many as 10,000 super rich leaving the country. China came second with 9000 millionaires leaving the country and Italy stood third with 6000.
The report however noted that the migration of super rich from China and India is not a "concern".
"The outflows from India and China are not particularly concerning as these countries are still producing far more new millionaires than they are losing," the report said and added that "once the standard of living in these countries improves, we expect several wealthy people to move back."
In terms of millionaire inflows, Australia topped the chart as it saw as many as 8,000 uber rich people shifting base there, followed by the US (7,000) and Canada (5,000) in the second and third place respectively.
*Millionaires, otherwise known as "high net-worth individuals" or "HNWIs" refer to individuals with net assets of $1 million or more excluding their primary residences.
