Finding pockets of strength among emerging markets stocks and exchange traded funds these days is not an easy endeavor, but India ETFs have been, broadly speaking, less bad than some other well-known country funds.

Crude oil prices could remain depressed as the Organization of Petroleum Exporting Countries maintains its high output in an attempt to price out high-margin producers, such as those in the U.S., from the market. Additionally, the oil boom in the U.S. could keep growing as improvements in drilling technology helped offset spending cuts. India is one of the world’s largest oil importers. [Capture Overseas Opportunities with These ETFs]

Year-to-date, the WisdomTree India Earnings Fund (NYSEArca: EPI) and the PowerShares India Portfolio (NYSEArca: PIN), two of the largest India ETFs, have easily outperformed Brazil and Russia equivalents. The iShares India 50 ETF (NasdaqGM: INDY), a proxy for India’s CNX Nifty Index, which is home to India’s 50 largest stocks, has also been solid by comparison to other emerging markets country-specific ETFs.

“Many Emerging Market stock pickers believe that ‘relative’ position of Indian equities has improved as compared with several Emerging markets after accumulating evidence of a slowdown in China, which has led to many economists paring down their global growth estimates,” according to the Economic Times.

Earlier this year, Indian stocks and ETFs were helped by a controversial update to India’s official GDP-estimation methodology, which could have bolstered recent readings by over two percentage points. Slack earnings and uncertainty regarding taxes on foreign investors are among the issues that have recently hindered Indian stocks. [Living Large With a Leveraged India ETF]

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