The same Modi govt that RAISED FPI capital gains tax to 12.5% in Budget 2025, effective April 2026, is now scrapping it entirely via ORDINANCE, bypassing Parliament.
Translation: They broke investor confidence, the rupee bled 5% , and now they’re panic-reversing through the back door.
This isn’t policy. This is firefighting dressed up as vision.
The Iran war didn’t create this crisis; years of ad-hoc tax decisions, unpredictable policy flip-flops, and zero long-term fiscal strategy did.
Foreign investors don’t flee stable economies. They fled THIS one.
And now Indian middle-class taxpayers, who get NO capital gains relief, are watching their govt roll out red carpets for foreign funds via Presidential ordinance while Parliament sits idle.
Two rules. Two Indias.