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India mulls $50B sovereign wealth fund for global investments
Business
India is considering launching a $50 billion sovereign wealth fund to invest in key sectors like energy, tech, and critical minerals around the world.
The idea is to create a steady income stream for the country—beyond just taxes—and help secure resources India needs for its future.
Fund could enhance India's global economic presence
The new "Bharat Sovereign Wealth Fund" would take cues from big players like Singapore's Temasek and Abu Dhabi's Investment Authority.
While there are some bureaucratic hurdles, experts say bringing in private sector talent could make a real difference.
If it takes off, this fund could boost India's global economic presence and support its goal of becoming a developed nation by 2047.