CNBC(@CNBC):The clamor for removing tax on long-term capital gains, or LTCG, on foreign portfolio investors is rising in India as the country’s equity markets witness record capital outflows. One of India’s oldest and most prominent industry bodies, PHD Chamber of Commerce and Industry, last week asked the government appealing to abolish the tax. The country’s Finance Minister Nirmala Sitharaman acknowledged the exit of foreign capital outflows and added she would consider the calls for reviewing LTCG tax:

2026.11.08 07:00

The clamor for removing tax on long-term capital gains, or LTCG, on foreign portfolio investors is rising in India as the country’s equity markets witness record capital outflows. One of India’s oldest and most prominent industry bodies, PHD Chamber of Commerce and Industry, last week asked the government appealing to abolish the tax. The country’s Finance Minister Nirmala Sitharaman acknowledged the exit of foreign capital outflows and added she would consider the calls for reviewing LTCG tax: