New Delhi, Jan. 31 -- As anticipation builds for a pro-growth and reform-oriented Budget 2025, ace investor Shankar Sharma, the founder of GQuant, an AI-tech company, calls for bold tax reforms-scrapping STT and slashing capital gains tax-arguing that hiking it was a misstep. Sharma argues that increasing government spending is a limited-period strategy.

In an exclusive interview with Mint's Nishant Kumar, he also discussed why Donald Trump is a risk more to America itself than to the rest of the world. Here are edited excerpts from the interview:

They should reduce capital gains tax on equity investments and also remove STT. Increasing capital gains tax was a bad idea. Pure and simple.

I don't look at sectors. India is the best market...