LTCG Tax Review May Not Reverse Foreign Investor Exodus
India is reassessing its long-term capital gains (LTCG) tax as foreign investors continue to sell off Indian equities significantly. JM Financial analysts estimate that any tax relief might attract only $3–5 billion in new investments, which may be insufficient to stop the current outflow amid concerns over rising oil prices. The tax system distinguishes between gains in dollars and rupees, affecting foreign investor returns.
Economic Times·


