As India remains one of the few countries that taxes foreign portfolio investors on the gains made in the country’s equities, some market participants said reduction in these taxes could make Indian equities more lucrative for these investors.
Policy stability, relief on STT and LTCG key to winning back FPIs: Sudip Bandyopadhyay
Foreign investors are pulling money from Indian markets. Experts urge India to rethink taxes like STT and LTCG. Policy consistency is also a major concern