SBI economists call for scrapping LTCG tax on equities
SBI economists are advocating for the elimination of long-term capital gains tax to stimulate sustained investment in Indian equity markets. This proposal arises amid substantial foreign portfolio investor withdrawals exceeding Rs 3 lakh crore this year, prompting concerns. Furthermore, the lack of AI-focused stocks is contributing to these market exits.
Key Takeaways
- SBI economists are advocating for the elimination of long-term capital gains tax to stimulate sustained investment in Indian equity markets.
- This proposal arises amid substantial foreign portfolio investor withdrawals exceeding Rs 3 lakh crore this year, prompting concerns.
- Furthermore, the lack of AI-focused stocks is contributing to these market exits.
SBI economists are advocating for the elimination of long-term capital gains tax to stimulate sustained investment in Indian equity markets. This proposal arises amid substantial foreign portfolio investor withdrawals exceeding Rs 3 lakh crore this year, prompting concerns. Furthermore, the lack of AI-focused stocks is contributing to these market exits.
Original Publisher Attribution
This summary was curated from Economic Times.