India is not considering imposing a tax to curb capital inflows,and wants the inflows to rise a little more,the deputy chairman of the government8217;s planning commission told Reuters on Friday.
8220;It capital flows is rising but we want it to rise a little bit more,8221; Montek Singh Ahluwalia said.
Asked if there was a possibility of India imposing a tax to curb capital inflows,he said,8221;I don8217;t,certainly not8221;.
He said foreign fund inflows were needed for developing infrastructure,and were unlikely to create asset price bubbles.