Sitharaman Meets JPMorgan's Dimon Amid Boosted Equities Attractiveness

Finance Minister Nirmala Sitharaman met Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., during the 11th edition of the JPMorgan India Investor Conference in Mumbai. The conference brought together investors, policymakers, and corporate leaders to discuss India's economic outlook and investment opportunities.

According to the Finance Ministry, Dimon interacted with Sitharaman on the sidelines of the conference. Sitharaman also addressed participants at the event and took part in a fireside chat with Sajjid Chinoy, Head of Asia Economics at JPMorgan.

JPMorgan recently reported that tax reforms and regulatory measures have enhanced the attractiveness of equities for domestic investors. The brokerage noted that changes in the taxation framework for long-term capital gains, debt mutual funds, and certain insurance products have improved the relative appeal of equities.