4 India ETFs To Brighten Your Portfolio This Diwali
Zacks Investment Research | Oct 15, 2017 10:09PM ET
The effect of prime minister Narendra Modi has been intense in the economy and the stock world, leading to heavy gains for the major bourses since last Diwali. The BSE Sensex has gained more than 15% while the National Stock Exchange index (Nifty) has fetched higher returns of nearly 17%.
Will the bullish trend continue heading into the Hindu New Year celebrated as Diwali or the Festival of Lights given demonetization and the introduction of the Goods and Services Tax (GST) that has slowed down economic activity this year? The combination of both factors have compelled both International Monetary Fund (IMF) and World Bank to slash GDP growth forecast for this year to 6.7% and 7%, respectively. Notably, economic growth slipped to a three-year low of 5.7% in April-June quarter (read: Zacks Investment Research
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