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Singapore's GIC bullish about Indian market
The Business Guardian
|July 11, 2023
Singapore's GIC is gradually ramping up its investments in India and is set to grow its technology portfolio in the country due its growing importance as an innovation hub.
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GIC manages Singapore government's financial assets and has a long impressive track record of consistent profits. Over 20 years up to March 2022, GIC Portfolio's annualised nominal return was 7 percent, and real (above global inflation) return was 4.2 percent per year. Many investors pay attention to GIC's strategy to set the direction for their investments. According to SWFI (Sovereign Wealth Fund Institute), GIC manages almost of USD700 billion worth of assets placing it 6th on the global sovereign wealth fund leader board. Only the Kuwait and Abu Dhabi government investment funds, a couple of Chinese funds and the Norwegian Government Pensio
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