India extends lead over China in sovereign fund flow

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).