Bhanshali says India should review FIIs' capital gains tax
In short
Enam co-founder Vallabh Bhanshali says India should review the long-term capital gains tax on foreign investors.
He says the tax has hurt money flowing into India and made the market less attractive. He also says a tax cut alone may not bring investors back quickly, and broader reforms are still needed.
What the reporting says
Enam Group Co-Founder Vallabh Bhanshali said India should review the long-term capital gains tax on foreign institutional investors, according to a market interview summary. He argued the tax has hurt capital inflows and weakened India’s appeal, while saying a cut alone may not quickly bring FIIs back. The immediate implication is policy pressure for broader capital-market reforms, but no decision has been announced.
Why it matters
Vallabh Bhanshali of Enam Group said India should review the long-term capital gains tax on foreign institutional investors, according to a CNBC TV18 market summary. He linked the tax to weaker capital inflows and reduced appeal for foreign investors, but also said a tax cut by itself may not be enough. The market implication is a call for wider reforms, though no policy change has been announced.