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India Mulls $10B Wealth Fund
India is seeking to set up a sovereign wealth fund with more than $10 billion in assets.
India is seeking to set up a sovereign wealth fund (SWF) with more than $10 billion in assets,Reutersreports. The SWF will help acquire energy assets overseas to meet increasing demand in the domestic market.
印度央行持怀疑态度,尽管年代etting aside part of the country’s foreign exchange reserves for the scheme as huge amounts of capital are needed to finance a large current account deficit. The size of the fund may be increased once the fund is approved.
Click here for the story fromReuters.
Click here for additional coverage fromBloomberg.