Sovereign fund: India replaces China as most favourite

TIL Desk/Business/New Delhi/ India has quietly replaced China as the most sought after destination for global sovereign wealth funds investment in the private sector — a sign of the country’s growing attraction for investors.

According to data by New York-based Global SWF, which tracks over 400 sovereign wealth funds, in the year 2020 to date, these funds deployed capital worth a record $14.8 billion in India, which is nearly three times more than what they have put in China ($4.5 billion).

The gap between the capital deployed in the two countries widened this year, but the trend started in 2019, when sovereign wealth funds invested $10.1 billion in India, surpassing the $6.4 billion it did in China.