India in early stages of equity cult; budget eyed for populism: Chris Wood
Any changes to the capital gains tax for equities – both long-term and short-term – in Budget 2024 scheduled to be announced on July 23, he believes, can trigger a bigger correction that what the markets witnessed post the Lok Sabha election outcome on June 4 that saw the Bharatiya Janata Party (BJP) lose majority, though it was able to form the government with the help of coalition partners.