So at the moment, for a foreign individual to trade stocks in an Indian market is extremely difficult. They would essentially be treated as an FII. Would it make more sense to allow them entry into the Indian market with lower burden of proof, perhaps similar to resident retail investors?
American markets are a goto for individual investors around the world. Should India try to position itself in a similar manner? The Gift city based exchanges can really help with this and we could attract listing of more DRs from other smaller countries where trading for foreign investors is very difficult.
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Indians don’t get to trade foreign markets either. So there is that.
Would be pretty shit if we get competition from outside without being able to trade other markets.
You can trade in other markets as long as you are okay with FOREX stuff.
As for the main point, Foreign Indi investors should not be allowed as on par with domestic investors - specially when you are earning in stronger currency and using it for weaker one. If you want, setup a domestic firm and trade via that or some other process where you are treated as domestic.
Such individuals in the Indian markets should not be treated as Indian personnel - if you want the service, come to the country.
If you want higher education - you do move countries for the service. Same applies here too. If you want it, come as get it as one of us.
Who said Indians don’t get to trade on foreign exchanges? There are only minor hurdles in the way which too are put by our own government.
If you have 10-20 lakhs, it’s very easy to open an account with a US broker like IBKR or Charles Schwab or Saxo Bank.
Let’s foreign investors into our market simply attracts more capital and investment. What’s so wrong about that?