India’s infrastructure system is universally viewed as poor, if not decrepit, as the country has not prioritized those projects in a fashion similar to China. It shows in the returns. INXX is down more than 28% since its August 2010 debut, but the EGShares China Infrastructure Index Fund (NYSEArca: CHXX) is lower by just 9% since coming to market in February 2010.

Modi’s first budget proposed $25 billion in fresh infrastructure spending, but proposals and results are different things and the new government has a long way to go to earn investors’ trust after nearly $260 billion in infrastructure proposals stalled under the previous government.

Among Indian alternative investment funds, those focused on infrastructure were among the top asset gatherers in the first quarter, reports Forbes.

EGShares India Infrastructure Index Fund