India Needs Equity Capital to Support Growth
India requires equity capital to support its economic growth as foreign investors seek tax relief following record stock sales. Finance Minister Nirmala Sitharaman acknowledged these calls for support during an industry event in Mumbai.
India needs equity capital to sustain economic growth above 7%, federal Finance Minister Nirmala Sitharaman said on Monday morning. Foreign investors are pressing for tax relief after pulling a record $31B from local stocks this year. The push for tax parity with debt markets comes as outbound capital flows intensify across domestic exchanges.
