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Nomura India fund soars to S$4.9b as Japanese bet on Modi

Indian shares have hit multiple records this year amid optimism about the prime minister's policies


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 (S$4.9 billion) in just the past year.

Japanese investors owned US$13 billion of Indian stocks and bonds...

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