India, Nov. 3 -- Union finance minister Nirmala Sitharaman on Monday acknowledged retail investors' growing concerns over the long-term capital gains (LTCG) tax regime, assuring that these would be "considered."

Sitharaman said she "appreciates" the equity market's voices on the matter, adding that they need "support." Speaking at an event in Mumbai, the finance minister further cautioned that tax concessions alone could not be the principal driver of market performance.

While she pointed out that the current taxation structure was also in place between 2023-2024, when the country witnessed good FPI (foreign portfolio investment) inflow, Sitharaman also acknowledged that "circumstances had changed" since then.

"The taxation was similar...