Citing government data of 2.16 lakh Indians renouncing their citizenship in 2023, the Congress on Saturday said the exodus of high-skilled and high net worth Indians is an "economic travesty" that will shrink the country's tax revenue base over the next few years. Congress leader Jairam Ramesh said business personalities are increasingly relocating to places such as Singapore, UAE, the UK and other places renouncing their Indian citizenship. ADVERTISEMENTIn a written response to queries on Indian citizens who have renounced their citizenship, Minister of State for External Affairs Kirti Vardhan Singh recently told the Rajya Sabha that more than 2.16 lakh Indians renounced their citizenship in 2023. The corresponding figure for 2022, 2021, 2020, and 2019 was 2.25 lakh, 1.63 lakh, 85,256, and 1.44 lakh, according to the data. It has also brought about a transformational change in its engagement with the Indian diaspora," he said.

Source: The Telegraph August 03, 2024 17:14 UTC