“The consumer slowdown is well-entrenched with discretionary spending especially weak. We expect this weakness to persist through 2014 before a return to trend growth in 2015,” Levine said.
The iPath MSCI India ETN (NYSEArca: INP) declined 6.8% year-to-date, PowerShares India Portfolio (NYSEArca: PIN) fell 5.4% and WisdomTree India Earnings ETF (NYSE: EPI) decreased 13.6%.
WisdomTree India Earnings ETF
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Max Chen contributed to this article.