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Special Feature: Does India need a Sovereign Wealth Fund?

	April 28, 2008

India has already made a foray into the world of SWFs, by the setting up of a special purpose vehicle that will use a small portion of the foreign exchange reserves to aid infrastructure projects. A section of experts argues that probably India does not need a Sovereign Wealth Fund The rationale could be one of minimising the losses from the double whammy of a declining dollar and sharply lowered interest rates on US treasuries. For this the critics, opposed to the SWF move suggest that it may ...