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India Should Scrap Equity Tax on Foreigners, Says Edelweiss Head

Bloomberg Markets6 November 2026, 07:54 UTCIndia

India should consider removing the capital gains tax imposed on foreigners to help revive the country’s stock market, Edelweiss Financial Services Ltd. Chairman and Managing Director Rashesh Shah said, adding to a growing clamor for the exemption to boost inflows and support the local currency.

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