Despite the slow economic growth witnessed in India, it’s still far better than what most developed countries are experiencing. This makes the exchange traded funds (ETFs) appealing for investors who want exposure to the growing country.
India remains an attractive investment location despite slow economic growth this year. Factors such as capital flows, domestic demand, portfolio flows and a strong savings rate have India in a good position to continue moving forward, reports Abhrajit Gangopadhyay for The Wall Street Journal.
India’s economy grew 6.1% from a year earlier in the April-June quarter, higher than a 5.8% expansion in the preceding quarter, thanks to government efforts. The Asian Development Bank has revised its growth projection for India up to 6% from an earlier 1%-5% for 2009. The revision is based on the fact that public spending has gone up, industrial production is rising and there are signs of better business confidence, reports The Economic Times.
- PowerShares India (NYSEArca: PIN): up 69.8% year-to-date
- WisdomTree India Earnings (NYSEArca: EPI): up 83.8% year-to-date
For more stories about India, visit our India category.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.