“India’s economy bounced back from a three-year low, rising 6.3 percent in July to September, and earnings of the 50 Nifty companies rose more than 14 percent from a year earlier, the first double-digit growth in 13 quarters. They are estimated to rise 13 percent in the October to December period, according to data compiled by Bloomberg,” reports Bloomberg.
Small-cap Indian stocks are performing exceptionally well this year. India small-cap ETFs, including Market Vectors India Small-Cap Index ETF (NYSEArca: SCIF), EGShares India Small Cap ETF (NYSEArca: SCIN) and iShares MSCI India Small-Cap ETF (NYSEArca: SMIN) are among this year’s best-performing non-leveraged ETFs of any type.
More aggressive investors who are confident about India may even look to a leveraged bullish play on Indian markets. The Direxion Daily India Bull 3X Shares (NYSEArca: INDL), which takes the 3x or 300% daily performance of Indian stocks.
For more information on Indian markets, visit our India category.