EGShares India Consumer ETF
Consumer spending in India (INDA) is expected to grow via remonetization and other reforms undertaken by its government in 2017.
Consumer spending in India (INDL) stood at ~17.8 trillion rupees in 4Q16, an 11% increase compared to 16.0 trillion rupees in 3Q16.
India’s stock market performance has picked up pace since the beginning of 2017. The S&P BSE Sensex has gained about 10% year-to-date through May 18, 2017.
The implementation of the Goods and Service Tax (or GST) in India is expected to begin on July 1, 2017.