India shields pre-2017 foreign investment gains

India has announced it will not apply stringent tax evasion rules to foreign investment gains realized before April 2017. This decision alleviates concerns among global investors who feared retrospective tax scrutiny following a recent court order involving Tiger Global. The move aims to provide clarity and stability for international capital, reassuring investors about the predictability of India's tax regime for past investments. By exempting older gains, India seeks to maintain its attractiveness as an investment destination and foster continued foreign capital inflows.