Sovereign fund flow: India replaces China as most sought-after destination

In 2020, sovereign wealth funds poured $14.8 billion into India, nearly three times more than what they invested in China

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