Vikram Saxena

India ETFs and ETNs Are Not the Best Emerging Market Investments

"Many believe this may be due to India's greater dependency on foreign countries, whereas China and Brazil have more substantial middle classes."

Indian economy is a lot more insular and less affected by foreign countries. China had to pump its economy with a massive stimulus package to ensure that the economy does not follow exports and collapse. India had to do an order of magnitude less to get similar results, since most of the growth in India is organic and not export driven.

Much of China's stimulus has been handed out as loans, whose future performance is uncertain. Though it has created a big buzz, it is not clear whether it will result in sustainable growth, in the absence of growth in exports.

Bangalore Blasts Threaten Indian Outsourcing

Blasts like this happen with amazing regularity in India, thanks to the generosity of a neighboring country. Things come back to normal in a day or two, even if there are massive casualties. Most of the blasts happen in public places and are designed to scare people, rather than damage buildings or infrastructure. In this particular case, the loss of life thankfully was minimal compared to the past.

BTW though IT seems to get a lot of headlines in the US, it is certainly not the life-blood of India.