Raghuram Rajan (L) and Deepak Parekh (R) (Graphic Source: BloombergQuint)
The time is ripe for India to start laying the groundwork for a sovereign wealth fund and invest in foreign assets, according to Deepak Parekh and Raghuram Rajan.India’s foreign exchange reserves are at an all-time high, and among the largest in the world. That should be put to more lucrative use, Parekh, chairman of Housing Development Finance Corp. Ltd., said in a virtual conversation with former Reserve Bank of India Governor Ragh...