An Easy Way to Invest in India's Hot Stock Market

This high-risk exchange-traded fund lets you buy into a fast-growing emerging nation.

India is hot. Over the past year, the MSCI India index returned 21.2%, way ahead of the 0.8% gain in the MSCI Emerging Markets index.

To what does India owe its strong results? Actually, it’s to whom, says Jeremy Schwartz, director of research at WisdomTree, which runs exchange-traded funds. Last year, the new prime minister, Narendra Modi, ushered in business-friendly reforms, such as corporate tax cuts, that have boosted investor confidence in the country. India, a big oil importer, has also benefited from falling crude prices. Kiplinger’s projects that India’s economy will expand by nearly 7% in 2015.

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Ryan Ermey
Former Associate Editor, Kiplinger's Personal Finance

Ryan joined Kiplinger in the fall of 2013. He wrote and fact-checked stories that appeared in Kiplinger's Personal Finance magazine and on Kiplinger.com. He previously interned for the CBS Evening News investigative team and worked as a copy editor and features columnist at the GW Hatchet. He holds a BA in English and creative writing from George Washington University.