India’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 (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.
Ted’s passion is protecting and growing people’s wealth. He earned a Bachelor of Science degree in Finance from Florida State University and graduated at the top of his MBA class from the University of Miami, where he specialized in International Business. With more than 15 years of experience in the financial industry, Ted was trained in the World Trade Center by Morgan Stanley Dean Witter and was seasoned as a stock broker on Wall Street. He also has experience starting and running a successful financial firm. Ted is a valuable member of the Investor's Daily Edge staff as financial analyst and editorial contributor. Ted’s expertise is in showing investors how to invest and profit in natural resources, options, bonds, currencies, futures and stocks.
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