It would be interesting to see whether the DTAA's modification will have a provision on capital gains akin to the Mauritius Treaty, whereby any investment made by a foreign institutional investor before March 31 2017, will enjoy full capital gain exemptions, says Abhishek Goenka, Partner At PwC.
"India needs to growth at 8-10 percent over next 20 years if it is to create jobs for youthful population, if it is to reduce tremendous under-employment and if it is to achieve inclusive growth including significant shift of people from low level income group to middle income group which is what China achieved," he said.