In 2023, over 2.16 lakh Indians renounced their citizenship, with the exact figure being 2,16,219, as revealed by Minister of State for External Affairs Kirti Vardhan Singh during a Rajya Sabha session. This marks a slight decrease from 2,25,620 in 2022 and is part of a trend observed over the past five years. Singh stated that the reasons for such renunciations are personal and emphasized the government's recognition of the Indian diaspora as a valuable asset. He acknowledged the potential for a successful diaspora to contribute positively to India, particularly in the context of a global knowledge economy. The government's efforts are focused on harnessing this diaspora's potential for knowledge sharing and expertise. Concerns regarding 'financial and intellectual drainage' due to high renunciation rates were raised but not directly addressed by Singh.