Together, they have about $900 million between them as of Oct. 31, spurring other BRIC or emerging market funds to increase their exposure to India, reports The Economic Times. (Read about the investor influx in India’s ETFs).
The Indian economy, projected to grow by 6.1% in 2009-10 and 7.1% next year, has weathered the global downturn relatively well.
Even though stimulus may eventually be withdrawn in India, governments won’t do it until their economies are on solid footing. As long as emerging markets continue to make changes that lead to greater growth, India’s uptrend could have legs. Emerging markets are becoming major players on the global economic scene, and it’s unwise to ignore them. (What next for India and related ETFs?)
The major players in the economic recovery include China, India and the United States. Hindustan Times reports that the Organization of Economic Cooperation and Development’s (OECD) claims that calls for a total turnaround is premature and a recovery is timid, at best, thanks to continuing rampant unemployment.
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