16 Sep 2025 | 5 Mins Read
Markets could be prioritized over fiscal stability in India
Flipitmoney
Veteran investor Shankar Sharma warned that India's economy is vulnerable due to its reliance on stock market taxes to fund capital expenditure, a trend he calls "stockmarketification". He argued that growth problems, not taxes, are behind market performance. He pointed out that India's past growth showed 8-10% without heavy market levies, and that reducing market taxes may compromise growth.