India’s Election is Great for Indian Stocks
May 18th, 2009 | By Ted Peroulakis | Category: Emerging MarketsIndia’s weekend election gives the ruling Congress Party a big win and paves the way for economic reforms.
India’s ruling Congress Party has a goal of helping India’s poor and pushes free-market reforms.
After this election, India is apt to open up its retail, insurance and banking sectors to more foreign investment. Moreover, the government may reduce its ownership in refineries, banks and fertilizer companies.
This election could pave the way for a large amount of capital to flow into Indian stocks.
Bombay Stock Exchange stocks are taking off as investors look optimistically at a critical election victory for the Congress Party-led alliance.
The best way to play India: PowerShares India (NYSE: PIN). This Exchange Traded Fund holds a nice basket of Indian stocks and seeks to mirror the Indian stock market measured by the Indus India index.
Advertisement
They've led you to believe that investors who want outsized gains must take on ridiculous risks.
Click here to learn how a Small One-Time Investment Could Grow Until It's Larger Than All of Your Other Investments Combined.
Ted Peroulakis, MBA graduated from Florida State University and received a Bachelor of Science in Finance. He has also earned his MBA from the University of Miami. Ted has over 14 years of experience in the financial industry and he is a top performing options trader and financial analyst. He was trained in the World Trade Center by Morgan Stanley Dean Witter and gained financial market experience as a stock broker on Wall Street. Ted is a contributor to the Investor’s Daily Edge.
