In 2011, India’s ETFs were anchored in bear market territory due to inflationary pressure, a de-valued rupee, and foreign capital investment leaving the country. In 2012, the picture has changed for India, with about $2 billion in foreign investment returning.

The largest momentum for the Indian economy stems from Composite Leading Indicators (CLIs) that are calculated by the Organisation for Economic Cooperation (OECD). [India Leads Bubbling BRIC ETFs]

“The CLI for India rose to 95.6 in December, 2011, from 95.1 in November. In September and October last year, the same stood at 94.6″, according to the Press Trust of India. [Best Emerging Market ETFs]

Domestic consumption is rising again in India and overall investor confidence seems stable toward the country. Furthermore, as China and Brazil, two of the larger emerging economies, are on a slowdown, India is positioned to gain more investor interest.

Other India ETFs:

  • PowerShares India (NYSEArca: PIN)
  • WisdomTree india Earnings (NYSEArca: EPI)
  • India Small-Cap Index ETF (NYSEArca: SCIF)

Tisha Guerrero contributed to this article.