Wealth tax could send billionaires from India to Dubai, impractical,’ says economist on Rahul Gandhi's equity proposal

Rahul Gandhi

Economist Gautam Sen warns against implementing a wealth tax in India, fearing it could lead billionaires to move to tax-friendly locations like Dubai. He also questions the practicality of such a tax, highlighting challenges in surveying households and businesses. Sen believes such a policy could result in significant wealth loss for India and may lead to social and political chaos. However, he remains optimistic about India's economic growth prospects, emphasizing the need for stable government policies to sustain progress.