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