Kotak's Nilesh Shah says tax cuts may help foreign flows
In short
Kotak’s Nilesh Shah said easing taxes may help bring foreign money into India, but it will not solve the problem by itself.
He also said global investors are shifting where they put money rather than leaving India. The report does not say what tax change he wants or whether markets moved.
What the reporting says
Kotak’s Nilesh Shah said easing the tax burden may help attract foreign flows, while noting it would not be enough on its own. The only reported detail is his view that global investors are reallocating portfolios rather than exiting India. The immediate implication is that policy relief could support sentiment, but the available reporting does not say what specific tax change he wants or whether any market move followed.
Why it matters
Kotak’s Nilesh Shah linked foreign portfolio flows to India’s tax burden and said global investors are reallocating portfolios rather than fully exiting India. The comment matters for markets because foreign flows can affect Indian equities and broader risk appetite. The reporting does not identify the tax measure in question or show any immediate market reaction.