News of the scandal comes at a time of heightened interest in the country, thanks to its explosive growth in recent years. In the third quarter, the economy grew 8.9%, says The Wall Street Journal.
RTT News reports that thanks to normal rainfall patterns, the agricultural sector has also rebounded. [Asia ETFs for Getting Your Asia Fix.]
If India can heed the calls for more accountability in all corners of its economy and make a serious effort at tackling the corruption problem, then its markets and ETFs may continue to perform as well as they have been in the last several years.
- PowerShares India (NYSEArca: PIN)
- WisdomTree India Earnings (NYSEArca: EPI)
- iShares S&P India Nifty 50 Index (NYSEArca: INDY)
- Market Vectors India Small-Cap (NYSEArca: SCIF)
If you’re a believer in the Indian economy, consider a leveraged play, such as Direxion Daily India Bull 2x Shares (NYSEArca: INDL).
Tisha Guerrero contributed to this article.