Saturday, 1 August 2015

LET'S APPOINT A COMMITTEE

61,000 High Net Worth Individuals have fled the country. Even considering each one left with just a million dollars each, that would be sixty one billion dollars! I am not even counting the loss of entrepreneurial spirit that went away with it or businesses they have wound up so that they could leave.

Reasons cited for this flight are turmoil in home country, security concerns and children's education. But, I think it was just a pursuit for a better quality of life. The countries they made their new homes are primarily the USA, the UK, Australia and the UAE. 

If only we could stop this flight, we wouldn't need to carry that begging bowl all over the world asking for FDI, which largely remains elusive. Let's appoint a committee to examine this phenomenon. I offer myself as the convenor.


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