India is doubling down on measures aimed at attracting foreign portfolio investments, as capital outflows hit a record high . The government on Friday announced that it has exempted foreign investors and ​the Bank for International Settlements — a global financial institution owned by central banks— from income tax on any interest or capital gains. The exemption will take effect from ​April 1, 2026, ​as per the government's release. Foreign investors face 12.5% long-term capital gains tax on