India is Poised for Potential Growth
India, one of the most populous nations on Earth, is an interesting country for investors because it holds the promise of significant growth potential. Its unique characteristics include a population that is young compared to developed nations, the presence of some world class universities and the availability of many employable, English-speaking people. But the country has not yet managed to overcome regulatory obstacles and other problems that have held it back from achieving higher growth rates in the past. However, the recent election of a new, pro-business prime minister makes now a good time to consider investing in funds such as the Market Vectors India Small-Cap ETF (SCIF).
The election of conservative Bharatiya Janata Party (BJP) leader Narendra Modi as prime minister sets the stage for this BRIC (Brazil, Russia, India and China) country to grow rapidly. In fact, some observers anticipate this economic expansion will occur relatively quickly, as it has in some other Asian countries that modernized and adopted business-friendly policies.
SCIF is an exchange-traded fund (ETF) that seeks to replicate the results, before fees and expenses, of an index of small-capitalization companies that either are headquartered in India or generate most of their revenues in the country. If you are risk averse, keep in mind that this country-specific ETF is not diversified.
Read more about how India is poised for potential growth and how you could profit from it at Eagle Daily Investor.