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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Research

Sovereign Wealth Fund: India already has one!

Posted on 07 May 2012

The government is talking about setting up a new sovereign wealth fund or SWF to buy energy assets abroad. This could mean allocating more financial resources from already strained budgetary resources. India already has sovereign wealth.
To activate the fund, India needs political will more than money. Sovereign wealth funds are typically created by countries that have a large budget surplus. Countries like China, Norway, Singapore, Saudi Arabia and other oil rich nations in the Middle-East have large sovereign wealth funds………………………………………..Full Article: Source


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