India's Chief Advisor Signals Stock Capital Gains Tax Reform Priority Lower; Forecasts FY2027 Growth at 6.6%

According to India's Chief Economic Advisor V. Anantha Nageswaran, the rationale for adjusting stock capital gains tax is weaker compared to bond markets, suggesting lower urgency for further changes to equities taxation.

India's central bank forecasts economic growth of 6.6% for fiscal year 2027, with downside risks of 20 to 30 basis points. Nageswaran had previously projected growth of 7.0% to 7.4% for FY2027 before the Middle East conflict escalated in February.