Capital gains tax on FPIs comes in the way of India’s ambition to become a global investment hub
· economictimes.indiatimes.com
India faces a policy choice regarding capital gains tax on foreign portfolio investors. Removing this tax could significantly lower India's cost of capital. This change would attract more foreign investment and foster faster economic expansion. India currently taxes foreign investors on a source basis, unlike competitors. Abolishing this tax signals commitment to reducing capital costs for growth.
There are moments in a nation's economic evolution when a seemingly modest policy change has the potential to trigger gains far greater than its immediate fisca...