GK and monthly revision

Withholding tax removal could unlock $25 billion in bond Inflows, says Citi's Aditya Bagree

India is set to enhance its foreign investment landscape through two significant policy changes: the removal of withholding tax on government bonds and its inclusion in the Bloomberg Global Aggregate Index. These measures are projected to unlock $25 billion in bond inflows, thereby strengthening the country's balance of payments and alleviating fiscal pressures. This development is crucial as it positions India as a more attractive destination for global investors, potentially boosting the economy considerably.