India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse Having spent the better part of a decade assuring the world that the Indian growth miracle was self-sustaining, structurally sound, and impervious to the “fragile five” indignities of yesteryear, New Delhi has quietly arrived at the only conclusion that ever follows a currency in freefall: print incentives, slash taxes, and beg foreigners to please, please come back. According to Bloomberg, India is poised to announce a suite of measures to lure foreign capital – reducing taxes and removing ownership caps on certain bonds… — Continue at ZeroHedge News : Read More
