How Successful Investors Get RICH

Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' for FREE from The Successful Investor.

How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Topic: How To Invest

ISHARES INDIA 50 ETF $33.02 – Nasdaq symbol INDY

ISHARES INDIA 50 ETF $33.02 (Nasdaq symbol INDY; buy or sell through brokers; us.ishares.com) is an ETF that invests in the 50 largest, most liquid Indian securities.

Indian stocks have moved up 34%, to record highs, since the May 2014 election of Narendra Modi as prime minister.

The government has just introduced its first full-year budget, and the $290-billion spending plan includes an additional $12 billion to address one of the country’s most pressing needs—modernizing its transportation, communications and electrical infrastructure.

The budget also aims to boost private investment through measures including cutting corporate taxes to 25% from 30% and letting firms finance infrastructure with tax-free bonds.

Many issues still need addressing, including selling off state enterprises, reforming land and labour laws and ending costly subsidies. However, Prime Minister Modi’s business-friendly approach bodes well for India’s prospects.

iShares S&P India is a buy.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.