$30 Billion Wiped Off India Stocks As Tax Clarity Eludes Market

Higher surcharge on wealthy Indians in budget has spooked non-resident and overseas funds enough to erase Rs 2.3 lakh crore in market value.

Budget 2019 | (c) 2019 Bloomberg | | Updated: July 09, 2019 18:22 IST
$30 Billion Wiped Off India Stocks As Tax Clarity Eludes Market

Higher surcharge on wealthy Indians in the budget has spooked non-resident and overseas funds.