'AI-trade' bust will aid India only partially; don’t tweak LTCG, says Madhavi Arora of Emkay Global
Madhavi Arora, chief economist at Emkay Global, stated that while a reversal of the global AI trade could enhance India's appeal, it won't alone attract sustained foreign capital. She recommends rationalizing the effective transaction-tax burden instead of altering long-term capital gains rates, suggesting a reduction in securities transaction tax to improve market liquidity and investor confidence.