Shine Trader Live Reports:
India is one of the fastest growing economies in the world. The country is a member of the G20 intergovernmental forum, and the International Monetary Fund expects its economy to grow 9.5 per cent in 2021.
By contrast, Expected growth to several other countries: Australia (3.5%), Brazil (5.2%), China (8.0%), Germany (3.1%), the Irish (13.0%), Israel (7.1%), Japan (2.4%), Peru (10.0%), South Africa (5.0%), Turkey (9.0%), UK (6.8%) and The United States (6.0%). The IMF further recommends that:
The global economy is forecast to grow by 6.0% in 2021 and 4.9% in 2022.”
Meanwhile, veteran investor Mark Mobius recently reiterated his long-held belief that Indian stocks should rise sharply in the coming years. He compares China with the country of about 10 years ago.
Recent figures show that India’s services sector, particularly telecommunications, IT and software, accounts for about half of its GDP, followed by industry (24.18 per cent) and agriculture (18.32 per cent). Nearly one-fifth of India’s exports go to the United States. India’s other major trading partners include China, THE United Arab Emirates, Hong Kong, Singapore, Bangladesh, the United Kingdom, Germany, the Netherlands and Malaysia.
Armed with this information, here are two exchange-traded funds (ETFs) that might appeal to readers who are bullish on India. Both funds come from blackRock’s iShares series of funds (NYSE :BLK).
1. IShares MSCI India ETF
Current price: $50.00
52-week range :$35.66 – $50.80
Dividend yield :0.15%
Cost ratio :0.69% / year
The iShares MSCI India ETF(NYSE :INDA) invests in 101 large and medium-sized Indian companies. The fund began trading in February 2012.
Reprint indicated source：Spark Global Limited information