India’s growth potential remains powerful

Article Excerpt

High economic growth rates have helped swell India’s middle class over the past two decades. However, the country still comes in well below its main emerging market rival China in global competitiveness rankings. Apart from the immediate challenges caused by the COVID-19 pandemic, the country faces a weak health care system, poor infrastructure, and is only very slowly implementing much-needed economic and political reforms. Still, India is home to a number of top global companies with bright futures. Here’s an ETF that provides you with exposure to the top publicly listed Indian companies. ISHARES INDIA INDEX ETF $49.97 (Toronto symbol XID; TSINetwork ETF Rating: Aggressive; Market cap: $62.0 million) tracks the performance of the largest publicly listed Indian companies. The iShares India Index ETF holds a portfolio of 50 stocks, with the top 10 making up 58% of total assets. That’s a high concentration, but they are among the country’s most successful firms. There is diversity among segments: Financials (37.5%), Information Technology…