Listen "EP-335 | Millionaire Exodus: Why the Rich Are Leaving India (and Some Returning) | Sanjaya Baru"
Episode Synopsis
Sanjaya Baru is a former journalist, author, political commentator, policy analyst, and was media advisor to Prime Minister Dr Manmohan Singh. His book 'The Accidental Prime Minister: The Making and Unmaking of Manmohan Singh' created quite a stir in India’s political circles. In this episode of the ANI Podcast with Smita Prakash, he talks about his latest book, 'Secession of the Successful: The Flight Out of New India'. The book explores why wealthy Indians are moving abroad, the brain drain that has been taking place since the late 1990s, and the consequences this could have for India’s future.Timestamps00:00 – Introduction02:00 – Reverse Migration of Overseas Indians05:28 – Phases of Migration from India08:12 – Policy Lessons for India11:23 – Brain Drain in India16:32 – Push for Return Migration24:52 – Indian Industries Investing Abroad32:34 – NRIs Returning to India35:17 – Global Capability Centres in India40:13 – Road to Viksit Bharat 204750:56 – Overseas Voters Return to India58:22 – PM Modi’s Diaspora Shift1:02:16 – Media Perception of ANI1:12:05 – Taxes Behind Rich Leaving India?1:14:45 – Dr. Manmohan Singh’s Views on Diaspora1:20:08 – Anecdotes on Dr. Manmohan Singh
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