If you’ve read the headlines in the last few years, you know this: India’s economy is one of the world’s fastest-growing. The number of exchange traded funds (ETFs) to ride alongside the growth is growing quickly, too.

India is on track to outpace China’s growth by 2013 as globalization and structural reform sink in. Morgan Stanley forecasts that after an average GDP of 7.3% over the past 10 years, GDP in India will surge to a “sustainable” rate of 9% to 10% by 2013-2015, reports Bloomberg BusinessWeek. China’s GDP will slow to 8% by 2015. [What’s Firing Up India’s ETFs?]

There are several ways to play India’s economy via ETFs, including small-caps, infrastructure and the broader economy. All of these ETFs are up in the last six months, with the exception of the infrastructure fund, which just launched:

  • WisdomTree India Earnings (NYSEArca: EPI): has a 22.2% weighting in financials, 20% in energy and 14.6% in technology
  • PowerShares India (NYSEArca: PIN): has a 25.8% weighting in energy, 15.9% in technology and 13.2% in financials
  • iShares S&P India Nifty 50 Index (NYSEArca: INDY): has a 25.7% weighting in financials, 16.8% in technology and 11.3% in consumer staples
  • EG Shares Indxx India Small Cap ETF (NYSEArca: SCIN)
  • EG Shares Indxx India Infrastructure Fund (NYSEArca: INXX)

Sure, the country is growing fast. But can India become a world power by the year 2030? Some analysts believe that India is on pace to become the third-largest economy by then, racing past Japan, reports SINS for Silicon India. India’s growth can be accredited to pharmaceuticals, power, telecommunications, civil aviation, insurance and real estate and an increasing foreign direct investment influx. [India ETFs Look for the Sweet Spot.]

Prasanta Sahu and Anant Vijay Kala on The Wall Street Journal report that as for now, India’s export activity stalled in July, as demand from developed markets began to wane. Thankfully, India has a high level of domestic consumption, which should sustain it through those dips.

Visit our India page for more stories about their economy.

Tisha Guerrero contributed to this article.

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.