India's stock markets have become the fourth largest in the world, overtaking Hong Kong's, as investors flock to a fast-growing alternative. Introduced in the 2023-2024 Budget, the new and revamped Capital Investment Entrant Scheme (New CIES) aims at enriching the talent pool and enhancing investments by Foreign Portfolio Investors (FPIs) in India. To invest in shares of India's listed companies, foreign investors have to use the foreign portfolio investment (FPI) route.
The Securities Exchange Board of India (SEBI) has been long considering enhancing investments by Foreign Portfolio Investors (FPIs) in India, and the new Capital Investment Entrant Scheme is a step in that direction. The scheme aims to attract more foreign investments into the Indian stock markets, boosting liquidity and driving up valuations.
The FCA has also alleged that Biggs Chris, Jamie Clayton, Lauren Goodger, Rebecca Gormley, Yazmin Oukhellou, Scott Timlin and Eva Zapico were involved in a fraudulent investment scheme. Navigating the complexities of the stock market can be daunting for anyone, but for Non-Resident Indians (NRIs), the challenges multiply due to regulatory restrictions and tax implications.