Accord With Japan May Stir India ETF Growth
Wednesday, December 30th, 2009
Tom Lydon (ETF Trends) submits:
India’s economy and related exchange traded funds see some solid growth, but the agricultural sector isn’t as fortunate. Also, trade talks with Japan may set up a potentially lucrative partnership in the years to come.
C Rangarajan, the Prime Minister’s Economic Advisory Committee chairman, said the economy will expand 7% to 7.75% for the current fiscal year, as stated in sifybusiness. However, Rangarajan projects a fall of 1% to 2% in their agricultural sector because of drought and floods. The chairman also noted that “agricultural growth rate should not fall below four percent for food security, as 60 percent of the population are in rural areas.”
