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India becomes investment darling for sovereign wealth, pension funds

Wealth and state pension funds are expanding their horizons to private markets, to complement an existing focus on stocks and bonds

Reuters  |  London 

Sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing middle class and reforms making it more enticing for foreigners to invest. Wealth and state pension funds are expanding their horizons to private markets, to complement an existing focus on stocks and bonds. "India is popular with sovereign wealth funds," said Tihir Sarkar, London-based partner at Cleary Gottlieb, which counts several prominent sovereign funds as clients. "Almost every jurisdiction in the western ...

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First Published: Sat, June 22 2019. 00:49 IST
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