India’s Dollar Economy (Part 3)—Rs 50 Lakh Cr 'Flee' with Dollar-Millionaires! | The Quint
In Part 3 of India’s Dollar Economy, Raghav Bahl turns from corporations and foreign investors to ordinary Indians, NRIs and dollar-millionaires—and examines how their money is moving beyond India’s borders.
India’s LRS remittances and overseas migration remain significant, while a decade of wealthy HNIs shifting abroad could potentially move an estimated $200–225 billion of equity out of India. What if a larger share of this capital were invested at home instead?
Following earlier episodes on India’s FDI flows and the country’s investment treaty framework, this final part asks a broader question: can India create the conditions needed to retain more of its wealth and investable capital domestically? What does the movement of Indian wealth abroad mean for India’s dollar economy, investment landscape and long-term growth?
Read more here: https://www.thequint.com/opinion/indias-dollar-economy-part-3-hnis-millionaires#read-more
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11 Sept 2026
India’s Dollar Economy Part 2 —Why Did Rs 20 Lakh Cr ($230 bn) Flee BIT by BIT? | The Quint
India’s economy saw strong growth during the first years of the Modi government, with GDP growth crossing 8% and FDI inflows nearly doubling to $60 billion. The period also saw falling crude prices, a tax windfall, Aadhaar, and the rollout of GST.
But despite $366 billion in fresh FDI over six years, $230 billion was repatriated or disinvested. What explains this massive outflow?
Read more here: https://www.thequint.com/opinion/india-dollar-economy-20-lakh-crore-bit#read-more
From exposing misinformation to delivering impactful human rights reporting, our newsroom has relentlessly pursued stories that drive change. We remain committed to asking the tough questions — and we'd love for you to be a part of our journey.
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10 Sept 2026
India’s Dollar Economy: Net FDI Fell to Zero – Yeah, It’s True! | The Quint
India saw strong FDI inflows under Modi, but harsh tax disputes, a tougher 2016 investment treaty model and mass BIT exits left foreign investors exposed. Many pulled out $230 bn instead of reinvesting. Raghav Bahl asks: Will India now rethink how it treats global capital?
Read more here: https://www.thequint.com/opinion/india-dollar-economy-20-lakh-crore-bit#read-more
From exposing misinformation to delivering impactful human rights reporting, our newsroom has relentlessly pursued stories that drive change. We remain committed to asking the tough questions — and we'd love for you to be a part of our journey.
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