The West Asian gold pot is tilting towards India. The oil rich kingdoms of Saudi Arabia, Qatar and Kuwait — wary of the economic crisis in Europe and the slowing growth rate in America — have conveyed their desire to invest in Indian infrastructure projects.
Despite the weakening rupee and falling Indian stock markets, Saudi Arabia and Qatar told New Delhi last month that they want to move some part of their investments from the West.
What’s more, the Kuwait Investment Authority is planning to invest about $10 billion in the Indian economy and has already invested about $1.5 billion in India in the past two years.
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