FPIs have been on a selling spree ever since the government proposed a ‘super-rich tax’ in its budget, and with no respite in sight from the government, the quantum of net outflows shot up. (Photographer: Dhiraj Singh/Bloomberg)
Foreign Investors Pull Out Rs 3,446 Crore Since ‘Super-Rich Tax’ Was Announced In Budget 2019
A higher tax surcharge on India’s super-rich has prompted foreign investors to pull out money from the nation’s equity market.Foreign institutional investors sold around Rs 3,446 crore from the day...