[teatree]

This law if intended for capital preservation is solely aimed at the middle class, the rich already have means of moving their money out. Panama papers and Swiss Bank fiascos proved that well.

India's iron handed squeeze of the middle class via insane policies is already causing a massive brain drain, the government seems either too stupid or willfully ignorant in recognizing the insidiousness of this issue.

[pradn]

It seems unlikely that talent is leaving because moving money out of the country is hard. Where would they move to? The simple explanation is income and quality of life is higher in richer countries. The vast majority of emigrants don't have entrepreneurial ambitions.