World's biggest sovereign wealth fund increases its bets on India

Norway’s Government Pension Fund Global, the biggest sovereign wealth fund in the world, has increased its bets on India by 27.2 per cent to $9.4 billion. This is the highest since 2005. The number of equity investments has also risen. It is up from 253 in 2018 to 317 as of 2019-end.

The fund makes annual disclosures on its portfolio. The latest one was out on 27th February, along with the release of its annual report. India was among its largest exposures in emerging markets.

"Emerging markets (including frontier markets) accounted for 11.3 percent of the funds equity investments. Chinese