| With debt loads sinking weaker economies worldwide, India ought to aim at setting up a sovereign wealth fund (SWF) which is financially viable and have a broader objective of furthering the country`s role as a global player, industry chamber Assocham said.
There are more than 50 sovereign wealth funds managing assets worth nearly USD 3 trillion. Most of these are run by countries with huge trade surpluses and are funded mostly by oil and gas exports. India is the only BRIC nation that does not have a SWF, said The Associated Chambers of Commerce and Industry of India (Assocham)...............................................Full Article: Source |