While that’s a start, Kang says, it’s not nearly enough for India’s massive population. Much of the rest of the money needed to bring India’s infrastructure up to speed will likely come from private investments and sovereign wealth funds.
India still has a lot going to for it: it’s a well-educated, English-speaking population and the economy is driven by domestic demand, which has helped insulate it from many of the troubles of the last year.
“They weathered the storms well. That can turn into greater investment into infrastructure,” says Kang. [Sector Specific ETFs: The Latest Global Trend.]
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Tisha Guerrero contributed to this category.