India


Buy into one of the leading emerging market growth stories.

India is projected to be the fifth fastest growing economy in the world in 2016.

The Bombay Stock Exchange (Sensex) is among the largest stock exchanges in the world.

More than 460 million constitute the working population of the country and it is second largest in the world after China.

India is the world leader in terms of providing outsourced IT services. IT is a $45 billion industry.

India is one of the leading emerging market economies of the world today. For the first few decades post-independence from the UK in 1947, the country remained a closed economy. Then in 1991, the country faced a Balance of Payments crisis where FX reserves had plummeted below US$2 billion, barely enough to cover a few weeks of imports. After the 1991 International Monetary Fund (IMF) bailout, the PV Narasimha Rao government ushered in a slew of reforms aimed at opening up the economy.

The Indian economy has made significant progress since then to become the US$2 trillion economy that it is today. Real GDP grew by 7.3% in 2014 and IMF projects growth to touch 7.5% in 2016 and 2017. It is projected to be the fifth fastest growing economy in the world in 2016, though its huge size dwarfs the economies that are projected to grow faster. It stands in stark contrast with China, where growth is slowing due to rebalancing its economy away from investment and manufacturing exports toward consumption.

However, getting direct access to listed equities at the Bombay Stock Exchange can be an issue for retail investors. Hence, we have created the India Vue, which consists of the largest* and the most liquid** American Depository Receipts (ADRs) and stocks of Indian companies listed in the US. The Vue gives balanced exposure across diverse industries like information technology, banks, automobiles and pharmaceuticals.

Sign up to explore our India Vue