Economic TimesLean R·
$64 billion out, $5 billion in? Why LTCG tax cut may not be enough to bring FIIs back
A reassessment of long-term capital gains tax is underway as foreign investors continue their significant selloff from Indian equities. Analysts at JM Financial project that tax relief may yield only $3–5 billion in fresh inflows. This minimal increase may not be sufficient to reverse the current trend of investor exodus amidst concerns over oil prices. India’s tax regime differentiates between dollar and rupee gains, impacting foreign investor returns significantly.
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