Ahmedabad: Phoenix Business Advisory has provided a detailed understanding of the plethora of advantages for India’s business community in Australia.
According to their recent study on business migration, 12,000 millionaires have migrated to Australia since 2018 compared to the USA which registered 10,000 and Canada at 4,000.
Another important point to be considered is the fact that an average Australian has become significantly wealthier compared to an average US citizen.
The total wealth in Australia has grown by 83 per cent compared to 20 per cent growth in the US in the last decade.
As many as 10,000 high-net-worth individuals, with a personal wealth of USD 1 million or more migrated to Australia in 2017 – mostly from India, China, and the UK.
One of the most striking aspects is the fact that Australia was ranked as the safest country in the world for women, according to a global review in 2018. This has a 92 per cent correlation to growth in wealth.
The world economy in the last 1.5 years has gone downhill. Fueled by the USA-China trade war, Hong Kong-China disputes in addition to the rapidly spreading Coronavirus, which has been termed as a Global Pandemic by World Health Organisation, has engulfed developed nations like the USA, U.K and all of Europe causing loss of jobs and increase in unemployment rate across the world.
