An overwhelming majority of stakeholders believe India should have a sovereign wealth fund (SWF) to service the needs of a fast growing economy, according to a recent study by India's leading apex industry body Associated Chamber of Commerce and Industry ( ASSOCHAM).
Those contacted while conducting the study included leading organisations representing different sectors and groups having diverse business interests like HDFC, HSBC, PNB, Religare, Mahindra & Mahindra and IIFCL besides corporates like Larsen & Toubro, Tata Services, Essar Group and Adani Group as well as government institutions..............................................Full Article: Source
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