India ETFs have been among the stronger areas of the emerging markets, shrugging off the global trade fears, as the economy expanded at the fastest pace in eight quarter.
Over the past three months, the iShares MSCI India ETF (BATS: INDA) rose 5.4%, PowerShares India Portfolio (NYSEArca: PIN) gained 6.8%, and the WisdomTree India Earnings ETF (NYSE: EPI) added 3.9% and Franklin FTSE India ETF (NYSEArca: FLIN) increased 4.6%.
India’s economy grew at a faster-than-expected 8.2% in the three months ended June year-over-year as strong domestic consumption and manufacturing growth overshadowed global trade concerns, Bloomberg reports.
The growth spurt secures India s the world’s fastest-growing major economy, pushing ahead of China, which has been dragged down by the escalating trade war with the U.S.
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