“India is the seventh largest economy in the world at a nominal GDP of $2.29 trillion, and it’s growing by leaps and bounds. In 2015, it was estimated to grow 7.5%, surpassing China. In 2016 and 2017, it’s forecast to grow 7.6% and 7.7%, respectively, largely due to the expanding middle class and reforms Modi has made,” according to TheStreet.com.
INDA tracks the MSCI India Index, a market capitalization-weighted index that is fairly top heavy. PIN follows the Indus India Index, which takes the largest companies listed on two major Indian exchanges. EPI tracks the WisdomTree India Earnings Index, which weights holdings based on earnings, so the fund may have a greater tilt toward smaller companies.
Related: 3 India ETFs Rising Back to Health
“While in office, Modi has said that his goal is to get India into the top 25 of ease of doing business in the world, up from 142nd in 2014,” reports TheStreet. “In India, not only is it difficult to lay people off, but there are also many layers of government, leading to significant amounts of bureaucracy.”
For more information on India, visit our India category.