There are structural problems weighing on India’s economy such as slowing growth, high inflation and a widening fiscal and current-account deficit. [India ETF Lowest Since 2009 on Plunging Rupee]
However, the weak rupee could support growth in exports. Taxes on gold imports could help the country reduce its current account deficit. Additionally, reputable economist Dr. Raghuram Rajan has been elected as the next governor for the Reserve Bank of India.
WisdomTree India Earnings Fund
For more information on India, visit our India category.
Max Chen contributed to this article.