How does India's LTCG tax compare with major global markets?

Finance Minister Nirmala Sitharaman on Tuesday said the government was open to hearing views on the long-term capital gains (LTCG) tax, currently 12.5% on eligible gains above ₹1.25 lakh annually. Singapore and Hong Kong do not tax gains classified as capital in nature. The US taxes long-term gains at 0-20%, while the UK's rates range from 18-24%, Moneycontrol reported.