“India in particular, but also Indonesia, Mexico, Turkey and Brazil are set to see continued robust growth in the working-age population in the next five years, bolstering GDP growth potential,” according to Fitch. “In contrast, in Russia, Poland, China and Korea headwinds from deteriorating demographics will sharpen and weigh on growth.”

Data points suggest local investors are rushing into Indian stocks. Additionally, the government is pushing various pension plans in the country to increase exposure to equities.

India is Asia’s third-largest economy behind China and Japan. There are a dozen dedicated India ETFs trading in the U.S., the three largest of which have a combined $8.5 billion in assets under management.

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.