Budget 2023Budget 2023
Register Now : Nifty Banker 3.0 | India's First Retail Index Traders Online Conference.

LTCG rationalisation will bring back the bulls; policy uncertainty will disappoint the markets: Nirmal Jain

The IIFL Chairman feels that growth in private capex would come on the back of higher capacity utilisation, mostly in export-oriented units.

January 23, 2023 / 09:53 AM IST

Rationalisation of the long-term capital gains (LTCG) tax, fiscal discipline, and stability of policies in the medium term is expected to drive positive sentiment in the market, said Nirmal Jain, Chairman, IIFL, in an exclusive interview to Moneycontrol.

Elaborating on this, Jain suggested that the government should maintain consistency in policies like Make In India that incentivise the manufacturing sector.

He added that an increase in capital gains tax or estate duty would be a little disturbing for the market. `A populist budget which creates policy uncertainty will impact market sentiment,'' he said.

Preferred themes: