08.01.2010 - Rationalizing the absence of an Indian SWF
From Indiacorplaw: Nearly two years ago, there has been debates on the pros and cons of India’s establishment of a sovereign wealth fund (SWF), when that topic was the flavour of the day. Since then, the global financial crisis and receding stock markets at least partially eclipsed the increasing appeal of SWFs. Nevertheless they continue to capture the attention of regulators and commentators. In a paper Sovereign Wealth - No Fund: The Decisive Role of Domestic Veto Players, Bernhard Reinsberg offers an explanation in political economy for the lack of an SWF in India...........................................Full Article: Source
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