Pawan

Tweaks in LTCG tax for a small class of investors may not be enough to turn around sentiment. Need a substantial to 100% cut in LTCG for ALL investors and back to 10% type tax for STCG. This small thing will go far. There are enough Indian entrepreneurs who can be funded by private equity (both Indian and foreign). However those PE funds will invest only if there is exit visibility after a few years. That can be handled easily by FIIs and DIIs and retail if equity markets are buoyant. It is all a big chain. If equity markets are weak everything slows down and valuable years are wasted to reach govt's investments, GDP targets etc.