25.11.2011 - Does India need a sovereign wealth fund?
In a bid to emulate other BRIC nations India could be on the cusp of creating its own sovereign wealth fund. The idea has certainly gained traction with business and political leaders, says Kavaljit Singh, director of India's Public Interest Research Centre. New Delhi will soon take a final call on the issue of setting up of a sovereign wealth fund. The idea of setting up an Indian SWF has been going around since 2007 when China established its major sovereign wealth fund, China Investment Corporation, with an initial capital fund of $200bn.............................................Full Article: Source
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