Economist Gautam Sen warns that India's proposed wealth tax may cause super-rich relocation to tax-friendly countries, leading to substantial wealth losses.

Economist Gautam Sen warns that imposing a wealth tax in India, like Congress' proposal, may lead to the country's super-rich, such as the Ambanis and Adanis, relocating their businesses to tax-friendly countries like Dubai to avoid paying tax. Sen suggests that this could result in substantial losses of wealth for India, as these wealthy individuals emigrate to tax havens.