Why India ETFs Are Soaring In 2017

Emerging market ETFs are surging in 2017 and within that space, India ETFs are the best performers. Foreign investors continue to pour money into Indian stocks as optimism about economic growth and structural reforms continues to rise.

Since his election in 2014, Prime Minister Modi’s government has pushed through a lot of reforms in India. Foreign investors continue to believe that he will be able to take necessary actions to promote foreign investments, revamp tax system, promote infrastructure and reduce corruption.

Modi’s party recently had a big victory in an important state election, which suggests that he’ll most likely win second term in office in the next general elections.

Per IMF, the Indian economy will grow at 7.2% in 2017 and 7.7% in 2018, making it the fastest growing major economy in the world.

For US tech giants, India is a very important market and they’re betting big on growth prospects in the country.

Apple (AAPL) is expected to start manufacturing iPhones in India within the next 1-2 months. It is an important market for them since sales in China are slowing down. India is now the second largest smartphone market in the world.

Amazon (AMZN) is investing $5 billion in India. Facebook (NASDAQ:FB) (FB) and Google-Alphabet (NASDAQ:GOOGL) (GOOGL) compete with each other to provide connectivity to Indians that have no internet access as of now.

With a population exceeding 1.2 billion, India has the potential to become the largest open internet market in the world.

Uber is aggressively expanding in India, after retreating from China last year.

To learn more about three popular India ETFs—theiShares MSCI India ETF (INDA), WisdomTree India Earnings Fund (EPI) and the Van Eck India Small-Cap Index ETF (SCIF), please watch the short video above.

More Stock News: 8 Companies Verge on Apple-Like Run

Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.

A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>