On Wednesday, the Reserve Bank of India unexpectedly cut its benchmark lending rate by 25 basis points for the second time this year. The move was likely made to spur growth and debuted alongside a new budget plan designed to lower the country’s fiscal deficit.
These two moves may set up an accommodating environment for ETFs targeting publicly traded stocks in India to thrive once again. Despite carrying the moniker of an "emerging market nation," India has been a profitable place to invest in recent years.
iShares MSCI India ETF
The iShares MSCI India ETF (INDA) is the largest fund in this space with over $3.1 billion in total assets. INDA tracks 65 large and mid-cap companies domiciled ...
/www.benzinga.com/etfs/emerging-market-etfs/15/03/5298288/3-etfs-to-watch-after-india-rate-cut alt=3 ETFs To Watch After India Rate Cut>Full story available on Benzinga.com
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