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Budget 2026 targets offshore trading as India doubles GIFT IFSC tax holiday
Economy
Published on 24 April 2026
A tax holiday switch could set up India’s offshore IPO
Budget 2026 reshuffled India’s capital-market approach by raising the Securities Transaction Tax (STT) to curb speculative activity. At the same time, it doubled the GIFT IFSC tax holiday to 20 years, reinforcing a push for long-term global capital. The move also points toward India’s first offshore IPO pathway through the GIFT IFSC ecosystem.
- STT hike aims to reduce speculative trading and volatility
- GIFT IFSC tax holiday doubled to 20 years for investors
- Policy signals a turn toward long-term global capital
- May pave the way for India’s first offshore IPO
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times