Publication

The brief discusses the policy, scope and precautions that India took in the past and could take in the future with regards to Sovereign Wealth Funds (SWFs). The author argues that we should consider the fact that SWFs are now a permanent feature of the international financial market. The gravity of financial power is shifting from Western countries to emerging economies and the Arab world. Hence, he argues, this is an opportune time for India to adopt proactive ‘economic diplomacy’ and win over the Gulf Cooperation Council SWFs.