| 12.09.2011 - India must start its sovereign wealth fund |
| It will be a good idea for India to launch its own sovereign wealth fund (SWF). Today, nearly all its foreign exchange reserves are held in US and European government debt, which have tiny returns. A part of this should be spun off into a wealth fund. This SWF should have a mandate to invest in many sectors and asset classes across the globe, unconstrained by capital controls..............................................Full Article: Source |