From NDTV
Center-Right Owned by Adani Group (AMG Media)India's FPI Problem Is Bigger Than Capital Gains Tax, Says Ridham Desai
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However, one distinction is that earnings growth in India is spread across a wider range of sectors, whereas growth in several other markets is more concentrated in a smaller number of industries and companies.
— NDTV
RSS excerpt
Ridham Desai says India's FPI outflows are driven by weak relative returns, earnings concerns and tax compliance hurdles, arguing that capital gains tax is only part of the problem.