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Ashok Lahiri on LTCG Tax: Important to Consider Every Aspect Before Changes
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CNBC Awaaz•16-10-2026, 17:16
Ashok Lahiri on LTCG Tax: Important to Consider Every Aspect Before Changes
- •NITI Aayog Vice Chairman Ashok Lahiri stated that it is necessary to examine every aspect of the Long Term Capital Gains tax before thinking about any changes.
- •Lahiri emphasized looking at equity and efficiency, noting that without understanding both aspects, deciding on tax changes would not be right.
- •To achieve a developed India by 2047, the country needs to increase its per capita income to around 18,000 to 20,000 dollars, requiring an annual nominal growth of about 9.25 percent.
- •Indian Railways transported a record 1,670 million tonnes of freight in the financial year 2026, though businesses note that rail freight still takes more time and money.
- •Lahiri highlighted concerns regarding low agricultural yields and excessive groundwater consumption, stressing the need for more efficient water usage in farming.
Key Questions Answered
Ashok Lahiri stated that every aspect of the tax must be thoroughly examined before considering any changes. He emphasized looking at two key factors, equity and efficiency, without offering a hasty or one-sided decision.
To achieve the 'Viksit Bharat' (Developed India) target by 2047, India needs to raise its per capita income to approximately $18,000 to $20,000. This requires a nominal annual growth rate of about 9.25% to increase earnings by nearly 6.5 times.
In the financial year 2026, Indian Railways transported a record 1,670 million tonnes of freight while the number of passengers rose to 7.4 billion. However, businesses noted that rail transport still needs to become faster, cheaper, and more reliable.
