5 India ETFs To Add Sparkle To Your Portfolio This Diwali
Zacks Investment Research | Oct 24, 2019 10:00PM ET
Despite slowing economic growth, increased tariff and tensions with Pakistan, India’s stock market has prospered since last Diwali. In fact, the BSE Sensex gained nearly 11% over the past year while the National Stock Exchange index (Nifty) fetched returns of 9.5%.
These gains are definitely solid, and investors are again anticipating another banner year. This is especially true against the backdrop of the Modi-led government for the second time, which introduces several reforms including an overhaul of the tax system, corporate tax cuts and implementation of a new bankruptcy law. Additionally, easing of monetary policies are pushing the stocks higher. With regard to this, the Reserve Bank of India slashed interest rates for the fourth time this year to stimulate the slowest growth in Asia’s third-largest economy in nearly five years (read: Zacks Investment Research
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