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“Fear psychosis” led 35,000 entrepreneurs to leave India, tweets Bengal FM

October 21, 2021 | 2 min read

On Thursday, October 21, the Bengal Finance Minister Amit Mitra tweeted, citing international business reports as sources, that 35,000 entrepreneurs left Indian shores during the period from 2014-2018 because of a “fear psychosis” created by the Narendra Modi government.

The Bengal Finance Minister Amit Mitra on Thursday alleged that 35,000 Indian entrepreneurs of high net worth left the country between 2014 and 2020 during the tenure of the Narendra Modi government.

He wondered whether this was due to “fear psychosis”, and demanded that PM Modi must place a white paper in Parliament on the “massive flight of Indian entrepreneurs during his regime”.

“Under Modi Govt 35,000 Indian Entrepreneurs of High Net Worth LEFT India between 2014-2020, as NRI/Immigrants. India RANKED No 1 IN EXODUS IN THE WORLD. WHY? ‘Fear psychosis’??,” Amit Mitra tweeted.

Further, he said the “PM must place WHITE PAPER to Parliament on massive flight of Indian entrepreneurs during his regime”.

As sources, he citing three studies: “1) In 2014-2018, 23,000 High Net worth entrepreneurs left India (Morgan Stanley study) Worst in the World”, “2) 7,000 left India in 2019 (AfrAsia Bank)” and “3) 5,000 left India in 2020.(GWM Review)”.

Mitra went on to recall the “19 minutes of TIRADE against Indian business by Piyush Goel (Goyal), reportedly saying business practices of Indian Industry went against national interest – short of calling them ‘anti national’”.

He said this kind of attitude “Breeds ‘fear psychosis’, motivating exodus”. However, he pointed out, “the PM did not rebuke Goel (Goyal). Why?”

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