मैगज़्टर गोल्ड के साथ असीमित हो जाओ

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India taxes are buzz-kill for likes of Carson Block

Mint Mumbai

|

March 27, 2025

Overseas funds pulled around $15 billion from the Indian stock market this year, data compiled by Bloomberg show

- Bloomberg

India taxes are buzz-kill for likes of Carson Block

Global funds returning to India's stock market amid a world-beating rally are having to set aside one of the biggest gripes expressed by the likes of Muddy Waters Capital LLC founder Carson Block — India's high taxes.

While global funds marked their first weekly purchase of local stocks in 2025 last week, they have been big sellers this year. In addition to an uncertain economic outlook, they point to New Delhi's tax code, that imposes high capital gains levies on overseas funds. It's at variance with other countries such as China, which are competing for their money.

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