Foreign Portfolio Investors

Higher surcharge to impact 40% FPIs: Finmin math

No-image

“The proposed changes in the budget to increase surcharge for super-rich has caught such foreign investors off guard, which had not been built up in their business and investment plans, as their total cost of Indian investments goes up due to increase in surcharge,” said Vikas Vasal, Partner, Grant Thornton India LLP.

This article appeared in Economic Times on 10th July, 2019.