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RBI

FM Sitharaman Signals More Measures to Attract Global Capital Into India

5 months ago · Lumic

Finance Minister Nirmala Sitharaman speaking about attracting foreign investment into India's bond market.
Lumic
5 months ago
FM Sitharaman Signals More Measures to Attract Global Capital Into India
KEY TAKEAWAYS
FM Sitharaman signals more steps to attract foreign capital saying recent bond measures are a start
Government eased FPI access to govt securities with tax relief on interest and capital gains income
RBI and Finance Ministry working together to make India bonds more attractive for global investors
India is rolling out the red carpet for foreign money in a big way
Business Standard·5 months ago

Our Finance Minister, Nirmala Sitharaman, has indicated that the Indian government is preparing to roll out further measures aimed at attracting a larger volume of foreign capital. These steps build upon recent initiatives, like easing Foreign Portfolio Investor (FPI) access to government securities, which included tax exemptions on interest and capital gains. The Reserve Bank of India (RBI) and the Finance Ministry are collaborating closely to enhance the attractiveness of Indian bonds and the broader debt market for global investors. This focus on boosting capital flows is a significant development for the India economy, signalling a proactive approach to investment policy and aiming to strengthen market liquidity and support economic growth. These efforts are expected to positively impact India's bond market and overall financial landscape.

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