| Sovereign wealth funds have been quietly making moves to India as the value of assets in more established markets elsewhere in the world have fallen. Why is India of interest to sovereign wealth funds (SWFs)?
The country has for long been on the radar of many SWFs, but it has only recently opened up more to institutional investors who picked up on India's growth story. "Traditionally SWFs have not invested huge amounts of money in India because of its volatility and relatively low ability to absorb dollars but have had their focus in Europe instead," says Raj Bhatt, the chairman of Elara Capital, based in Mumbai...............................................Full Article: Source |