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 ($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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