India is set to eliminate capital gains tax for foreign portfolio investors on government securities to boost overseas capital inflows. This move, approved via an ordinance, aims to counter economic impacts from the Iran war and address negative foreign portfolio flows and rupee depreciation. Further measures are anticipated to enhance market attractiveness for foreign investment.
Exclusive | Is the India story over for FIIs? BofA says investors don’t want to miss what’s next
India’s global equity market capitalization ranking has dropped to seventh as foreign investors shift focus to AI opportunities in Taiwan and South Korea. Despite this,