Money cannot be controlled.

"Switzerland boasts the highest percentage of millionaires globally, with 14.9% of its adults holding millionaire status." They achieve this by renting homes rather than buying, a thrifty lifestyle and saving 20-30% of earnings regularly. "They utilize local banks for daily transactions, private banks for wealth management, and international banks for foreign investments and global investments." "Swiss investors diversify their portfolios and secure residences and citizenships in other countries to enhance financial opportunities and optimize tax benefits." TN. India does not allow dual citizenship. Persons of Indian Origin, who are citizens of another country, may be granted Overseas Citizen of India (OCI) status, which is a visa for life, with certain extra privileges. cgisf.gov.in. In this year's Budget presented on 23 July, inflation indexation in long term capital gains from sale of residential properties was removed while the rate of tax was reduced from 20% to 12.5%. pib.gov.in. This would have substantially raised the amount of tax from the sale of properties (icicidirect.com). Reacting to the anger among the middle class, people have now been given the option of choosing between the new rule and the old one. ET. In 2019, in Switzerland, "On May 19, after more than four years since the first effort to reform the Swiss tax system, voters accepted proposed changes to their tax system." "Taxes on dividends will be increased and cantons will receive a higher share of federal tax collections." taxfoundation.org. While the Swiss can invest anywhere the Reserve Bank of India (RBI) lays down stringent restrictions for Indian citizens wishing to invest abroad (ET) and also mentions the Foreign Exchange Management Act (FEMA) which gives unlimited power to the government to arrest any Indian citizen at will while providing complete immunity to the government and officials from claims of compensation for wrongful arrest and victimization (India code.nic.in). The government may want total control on currency and investments while wanting to profit from global trade. However, foreigners, naturally, are unwilling to play along. "Maintaining stability of the exchange is among the most important goals of the RBI." "This task however has become progressively more challenging for the Central Bank owing to the steady rise of the off-shore non-deliverable forward (NDF) market in the rupee (INR)." "In fact, the INR-NDF market is almost thrice as large as the onshore deliverable forward market." Afraid of losing control, the RBI is offering registration to foreign entities, wrote Pratik Datta & Rajeswari Sengupta.  We shall see if the foreigners want to be controlled. To get rid of cash transactions, which reduces the cost of printing currency and increases the ease of surveillance of citizens, the government has introduced the Unified Payments Interface (UPI). UPI is an application which facilitates immediate money transfer, bill payments and access of several bank accounts using a mobile phone. npci.org.in. So successful is the UPI that the RBI is now concerned that "in times of a crisis at a particular financial institution, or even the rumor of one, depositors can vacuum out their money too quickly for regulators to respond to." The Print. In other words, people can save their money from confiscation. Switzerland is a democracy which asks its citizens while India is a police state which issues diktats. The Swiss are millionaires while Indians are dirt poor. Can control citizens, not money.