Markets | How to kill foreign investor interest in equities 101
India is not divorced from global macro conditions and the growth prognosis at home is as grim (relative its own historical rates) as the rest of the world.
July 08, 2019 / 04:03 PM IST
India’s equity markets are finally aligning with economic fundamentals. However, the adjustment has not been a happy one. The Sensex has lost close to 1200 points, approximately 3 percent, in the last two trading days. The current triggers for this free fall are for the most part budget-induced.
On Monday, the Economic Times reported that the tax on super-rich was likely to hit around 2,000 foreign funds that are the equivalent of an association of persons, a legal entity liable...