Shravan Shetty, Managing Director, Primus Partners, emphasizes the need for India to adopt a more investor-friendly tax regime, particularly to attract long-term capital. He highlights that India requires substantial foreign investments, especially from sovereign and pension funds, to sustain growth at above 7%. The current long-term capital gains (LTCG) tax regime, coupled with other regulatory complexities, has made India less appealing to foreign institutional investors (FIIs). He believes that reducing LTCG rates would help attract foreign flows, especially during a period of a depreciating rupee and decreasing interest rate differentials compared to the US