SWF fashion victim

31 January 2008 By Una Galani Follow @ugalani

The country is reportedly thinking about creating its own SWF. It isn t alone. Japan, Saudi Arabia and Libya are all tempted to follow the latest investment fashion. But such funds aren t right for everyone. India could and should put its foreign reserves to better use.

This content is for Subscribers only

Context News

India's finance ministry is planning to set up a committee to study if the country needs a sovereign wealth fund, according to local newspaper reports.

Last week, Finance Minister Palaniappan Chidambaram said there were no plans yet for a sovereign fund and that India had plenty of uses for its billions of dollars worth of foreign exchange reserves other than a state investment vehicle.

India has $285bn of foreign exchange reserves.

Email a friend

Please complete the form below.

Required fields *