India is weighing scrapping the long-term capital gains (LTCG) tax on foreign portfolio investors as equity markets record large outflows and foreign holdings of Indian stocks hit an all-time low of 14%, according to Nomura. The capital market regulator has urged the government to scrap the tax, and Finance Minister Nirmala Sitharaman said she would consider the calls. Bernstein argues a tax cut alone may not be enough, as India trades at 18.6 times rolling 12-month forward earnings, above Taiwan's 16.8 times, while its expected earnings growth of 11% lags the 45% average for emerging markets. S&P Global Market Intelligence's Hanna Luchnikava-Schorsch said the tax cut alone will not trigger a major reallocation into Indian equities. The Nifty 50 has lost nearly 9% so far this year.
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VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 11/04/2026 | 1,733.02 |
| Change that session | +1.97% |
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