If Consumption Is King, India ETFs May Reign Supreme
Friday, February 5th, 2010
Gary Gordon submits:
A full one-quarter of India’s population (300 million/1.2 billion) comprise a bustling middle class. China may have half as many viable consumers (140 million/1.4 billion people).
Wage and income growth favor more spending by India’s middle class as well. Most business profits in China go to Chinese state-run enterprises, leaving less money for consumption-minded citizens; in contrast, profits from all sizes of Indian businesses go into the pockets of, well, Indians. And that means that Indians may be able to shop.
