SWF Radar

DNA writes that, “India's case for SWF does not rely on export surpluses, conversion of non-renewable assets into a more diversified portfolio of financial and physical assets, or contingent pension reserve. Instead, in India, a major reason for setting up an SWF is the possible use of forex reserves to finance critical infrastructure needs; and to mitigate quasi-fiscal costs of sterilising reserves.”

The article adds that, “By some measures, India already has a SWF called the India Infrastructure Finance Company.”