Yes, India does have a sovereign wealth fund. It is the National Investment and Infrastructure Fund (NIIF). NIIF manages funds of over US $ 4.4 billion as of September 2020. Sovereign Wealth Funds are the state-owned investment funds. You can read about the Sovereign Wealth Fund (SWF) – Objectives, Significance of SWF in the given link.
Further readings:
- National Investment and Infrastructure Fund (NIIF) – Established for Infrastructure Projects
- Asian Infrastructure Investment Bank (AIIB) – Functions, Significance
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Related Links |
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Funds of Central Govt. – Consolidated Fund, Public Account, etc |
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Monetary System – Types of Monetary System (Commodity, Commodity-Based, Fiat Money) |
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