EP-335 | Millionaire Exodus: Why the Rich Are Leaving India (and Some Returning) | Sanjaya Baru

ANI Podcast with Smita Prakash

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.

Timestamps

00:00 – Introduction

02:00 – Reverse Migration of Overseas Indians

05:28 – Phases of Migration from India

08:12 – Policy Lessons for India

11:23 – Brain Drain in India

16:32 – Push for Return Migration

24:52 – Indian Industries Investing Abroad

32:34 – NRIs Returning to India

35:17 – Global Capability Centres in India

40:13 – Road to Viksit Bharat 2047

50:56 – Overseas Voters Return to India

58:22 – PM Modi’s Diaspora Shift

1:02:16 – Media Perception of ANI

1:12:05 – Taxes Behind Rich Leaving India?

1:14:45 – Dr. Manmohan Singh’s Views on Diaspora

1:20:08 – Anecdotes on Dr. Manmohan Singh