Meanwhile, the asset management industry in India is experiencing a growth spurt as foreign mutual fund companies swoop in, says Mariana Lemann at Ignites. Lipper says that 32 mutual fund houses manage $135 billion in assets in the country, and the fund market there has grown 66% in 2007, through November. Foreign mutual fund companies like India’s growing amount of wealth, strong middle class and huge high-net worth market.
