They are escaping because they can.

According to a report by Morgan Stanley, 23,000 dollar millionaires have left India since 2014. In absolute terms India is second to China which lost 38,000 dollar millionaires since 2014 but in percentage terms India is the highest with 2.1%, with France at 1.3% and China at 1.1%. "While some of the millionaires leaving may be desirable given the corruption drive, we have to be careful we do not throw the baby out with the bathwater," said R Sharma, author of the report. "Which is collateral damage of the regulatory overkill." He could be referring to Vijay Mallya, who was allowed to fly out of Delhi in first class, and Sanjay Bhandari who left India without his passport and has disappeared since. UK is a favorite destination of those charged with financial crimes fleeing India. Other destinations are Dubai, which has no income tax, and Singapore, which has low direct taxes for individuals and companies. It maybe a good that corrupt people are leaving India, "but there is a major side effect of this because at the end of the day you need your own domestic people to invest in your country, which is very important. Foreign investment is important but domestic participation, domestic investors make a nation going forward." "....if you go to Dubai today you are likely to meet more Indians out there than in a restaurant in Bombay, Delhi....so you can see where the capital is fleeing, what the magnets for capital are Dubai, Singapore, US and UK," said Sharma in an interview. All these countries have tough laws which they enforce vigorously. If these people are so corrupt why are they choosing these places? Because taxes are collected under false pretenses in India, wrote R Saran. Indians have to pay privately for basic services like clean water, education, and security for which we have already paid taxes. The government has collected Rs 2.5 trillion in education cess since 2004 but our education system is one of the worst in the world. Parents have to pay over Rs 250,000 for nursery education for one child. Taxpayers get no pension, healthcare or care for the elderly. Politicians and civil servants do. Lack of water supply led to one death recently, with the Meteorology department predicting a hotter than usual summer. Perhaps, the worst thing is that rules keep changing as the government reacts to circumstances rather than enacting long term policies which can create a stable environment for business, wrote VA Nageswaran. Singapore has announced plans to raise GST by 2% after 2021, giving enough time for everyone to adjust. That is why Singapore is voted the best place for expats, while India is one of the worst. Those who can are escaping. We are trapped.