The gain suggests that traders expect a shortage in the ETN to develop while it is no longer able to issue new shares. No matter, India’s economy is doing well and investors are interested in the country. (Where the BRICs are now).
Even while the ETN is suspended, India remains an appealing destination for investors. Overall, industrial output is projected to have expanded 10.3% in October, as per the latest official data released Friday. Recovery has been particularly impressive for the manufacturing sector, which grew by 11.1% in October, reports SIFY Business. Growth for the first half of this year was in line with fiscal stimulus, and this uptrend is expected to continue despite the drought and the Diwali holiday season. (The next step for India’s ETFs).
For more stories about India, visit our India category.
Other ways to play India:
- PowerShares India (NYSEArca: PIN): up 78.9% year-to-date
- WisodmTree India Earnings (NYSEArca: EPI): up 95.5% year-to-date
