ETF Trends
ETF Trends

If there was any doubt as to whether India’s economy and exchange traded funds (ETFs) could sustain the growth of the last year, the early signs are promising. Most notably, exports and auto sales are skyrocketing.

  • India’s economy grew 7.9% in the third quarter of 2009, outpacing most estimates. The country’s finance minister said growth for the fiscal year ending March 31 should come close to 8%, as well.
  • Despite a drought and high food prices, India isn’t going to need to import wheat or rice. The country’s trade minister expects a good winter crop, which will help prices ease up.
  • India’s population is soaring: by 2025, it’s projected to surpass China’s. The demographic changes could bring more eager, bright minds into India’s work force.

For more stories about India, visit our India category.

  • PowerShares India (NYSEArca: PIN)

  • WisdomTree India Earnings (NYSEArca: EPI)

  • iShares S&P India Nifty 50 (Nasdaq: INDY)

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.