India's US$50bn Bharat Sovereign Wealth Fund: The Right Model, The Real Risks

20th October, 2025
India is weighing a new state investment vehicle - the tentatively titled Bharat Sovereign Wealth Fund (BSWF) - with a mooted starting corpus of about US$50 billion.Global SWF estimates suggest that the combined valuation of Government of India unlisted and listed state-owned assets is around INR30 trillion (US$340 billion), of...
India is weighing a new state investment vehicle - the tentatively titled Bharat Sovereign Wealth Fund (BSWF) - with a mooted starting corpus of about US$50 billion.Global SWF estimates suggest that the combined valuation of Government of India unlisted and listed state-owned assets is around INR30 trillion (US$340 billion), of...

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