Is it Finally Time to Invest in India? - Zacks Market Edge Podcast 24

Welcome to Episode #24 of the Zacks Market Edge Podcast. Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. In this episode, Tracey is joined by Neena Mishra, Zacks ETF strategist and Editor of Zacks Income Investor portfolio, to discuss the economic future of India and how investors can capture the growth of this rising star. Originally one of the “BRIC” countries, India has been talked about as a possible break-out economy for seemingly decades but it has never really happened. But with new political leadership, which has pledged extensive economic reforms which they are still trying to push through the lower and upper houses, India’s economy is one of the fastest growing in the world. Last year, it surpassed China’s growth rate and is expected to again this year with its GDP jumping between 7.5% and 8.0%, higher than China’s expected growth rate of 6.5%- 7.0%. How do investors get in on this story? Otherwise, the way to play India is really through ETF investing. The ETFs that Neena likes are the iShares MSCI India (INDA), the iShares MSCI India Small Cap (SMIN), the EGShares India Small Cap (SCIN), which trades with very low volume, and the EGShares India Consumer ETF (INCO). Indians are also still heavily invested in gold and gold is still the gift of choice at most Indian weddings. The Gold ETF (GLD) is also a way to play India’s growing middle class. What about buying individual Indian stocks that trade on the US exchanges? Tracey and Neena discuss whether or not this is a good idea. If you must buy individual names, Tracey gives her 2 top Indian stock picks: Tata Motors (TTM) and Icici Bank (IBN). What else should you know about investing in India? Check out this week’s podcast to find out. ISHARES MSCI INDIA INDEX FUND: EG SHARES INDIA CONSUMER: SPDR GOLD SHARES: Tata Motors: Icici Bank: Follow us on StockTwits: Follow us on Twitter: Like us on Facebook:

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