Jul

Nomura India Fund Soars to $3.6 Billion as Japanese Bet on Modi

Japan investment in Indian equities rises to highest on record
South Asian economy seen as providing long-term growth

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The land of Abenomics is betting on Modinomics.

The demand is so strong that assets of Nomura Holdings Inc.’s India equity fund quadrupled to almost 400 billion yen ($3.6 billion) in just the past year. Japanese investors owned $13 billion of Indian stocks and bonds at the end of June, the most in data going back to 2012, according to India’s regulator…

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Nomura India Fund Soars to $3.6 Billion as Japanese Bet on Modi

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