To The Moon

The Indian stock market has shown outstanding performance, surpassing Hong Kong, China, to become the world's fourth-largest stock market.

$iShares MSCI India ETF(INDA)$ $The India Fund Inc(IFN)$ $Invesco India ETF(PIN)$

Data compiled by Bloomberg indicates that as of the closing on January 22nd, the total market value of stocks listed on Indian exchanges reached $4.33 trillion, while Hong Kong's market value stood at $4.29 trillion.

On December 6, 2023, the market capitalization of the Indian stock market surpassed $4 trillion for the first time. The Indian stock market has experienced continuous growth for eight years and continues to set new records.

In the past 30 years, the Indian stock market has seen an increase of nearly 100 times, becoming a favored investment destination for investors.

All this can be attributed to a series of major reforms initiated by Prime Minister Modi since taking office in May 2014:

• Abolishing the "Planning Commission of India," which had been in existence for 60 years, and establishing the "National Institution for Transforming India."

• Vigorously advancing anti-corruption measures.

• Introducing new currency notes (rendering old notes non-negotiable).

• Promoting the marketization of state-owned enterprises, allowing ordinary people to participate in 23 state-owned companies, including those in aviation and cement, breaking the monopoly in these industries.

• Additionally, Modi has driven economic reforms, including the introduction of the Goods and Services Tax (GST), creating a more stable and reliable business environment in India, attracting increased foreign investment.
  

India not only occupies a global leadership position in software outsourcing, but has also made progress in the semiconductor industry:

• Since 2017, Modi has supported increasing the development of the semiconductor industry

• In 2021, India announced another US$10 billion semiconductor investment plan;

• Some companies such as $Advanced Micro Devices(AMD)$ , $NVIDIA Corp(NVDA)$ , Tata Group, $A-DATA TECH CO LTD(ADGHF)$, and $Micron Technology(MU)$ are already planning and building factories in India;

• India has more than 5 million software employees, ranking first in the world.

The Indian economy surpassed the United Kingdom in 2022, becoming the world's fifth-largest economy.

India aims to increase the manufacturing sector's contribution to GDP to 25% by 2025.

Economists maintain an optimistic outlook on India's economic growth over the next decade, expecting the annual growth rate to remain at 6% or higher.

Have you invested in assets related to the Indian market?

What other emerging market ETFs are you keeping an eye on?

Emerging markets are countries with open financial markets and a relatively low per capita income. The largest emerging markets include Brazil, Russia, India, and China (collectively known as "BRIC").

In addition to India, other emerging countries and regions such as South Korea, Taiwan, South Africa, Mexico, etc. have also attracted a lot of attention.

The table below shows the performance of the relevant MSCI Emerging Markets ETFs over a one-year period:

Data as of 22 Jan 2024

$iShares MSCI Brazil ETF(EWZ)$, $iShares MSCI China ETF(MCHI)$, $iShares MSCI India ETF(INDA)$, $iShares MSCI South Korea ETF(EWY)$, $iShares MSCI Mexico ETF(EWW)$, $iShares MSCI South Africa ETF(EZA)$ , $iShares MSCI Taiwan ETF(EWT)$

Some basic information about the above MSCI ETFs:

Disclaimer: Investment decisions carry risks. Consult with a financial advisor before making any investment choices. Past performance is not indicative of future results.

Which market assets are you interested in?

Welcome to leave a message in the comment area for discussion