LIC to invest $37 billion in FY12

Tags: LIC, Insurance
State-run insurer Life Insurance Corp of India expects to invest Rs 1.9 trillion in

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the fiscal year ending March 2012, acting chairman DK Mehrotra told reporters.

LIC, which is a major investor in India's capital markets, has already invested Rs 1.25 trillion between April to November, he said.

India's stock market was among the worst performing major markets globally in 2011, declining 24.5 per cent during the year, as economic growth in Asia's third largest economy slowed.

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