Rs 6 Lakh Crore FII Outflows Hit Dalal Street Since 2024 Tax Hike
Foreign investors have sold more than Rs 6 lakh crore of Indian equities following the 2024 capital gains tax increase, with outflows worsening in 2026. Finance Minister Nirmala Sitharaman's remarks on LTCG and STT have raised hopes for tax relief. However, analysts are divided on whether any tax changes will lead to a sustained return of foreign institutional investors.
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