PowerShares India ETF

Most Recent

  • Macroeconomic Analysis

    Analyzing the immediate impact of the announcement by the RBI

    The Reserve Bank of India (or RBI) is India’s central bank. It maintained the status quo on its key rates in its fifth bi-monthly monetary policy statement. The statement was released on December 2, 2014.

    By David Ashworth
  • uploads///India vs Gold
    Materials

    Why is gold so important in India?

    India is the largest gold importer in the world, yet the government continues adding limitations to importing gold into the country Many factors—including low credit and the continued depreciation of the Indian Rupee—have led the government to instill several gold importing restrictions since the beginning of the year. It seems now that every few weeks, the […]

    By Dale A. Norton, ME
  • uploads///EM forex reserves
    Company & Industry Overviews

    Value Investors, Emerging Market Equities Could Mean Opportunity

    Emerging markets have now shored up their current account balances and bolstered their foreign exchange reserves.

    By Devan Kaloo
  • uploads///Emerging Markets Have Increased their Foreign Exchange Reserves
    Macroeconomic Analysis

    Some Emerging Markets Can Likely Handle Soft Growth in China

    In 2013, when the Fed announced that it would gradually end its QE (quantitative easing) program, many emerging markets (ABE)(FEO) saw huge outflows of funds.

    By Hugh Young
  • uploads///Indias Repo Rate
    Macroeconomic Analysis

    Why Did the Reserve Bank of India Cut Interest Rates?

    The RBI’s (Reserve Bank of India) move to reduce key interest rates in India in April was expected.

    By David Ashworth
  • uploads///modi travel
    Company & Industry Overviews

    Modi’s Moment: Promises and Accomplishments

    India (PIN) has strengthened its ties with Asian powerhouses (GRR) like Japan (JEQ) (EWJ) and Singapore (SGF).

    By Aberdeen Closed-End Funds
  • uploads///NPL
    Company & Industry Overviews

    Broke Banks

    “Banks are there to support businesses that have justifiable needs.” – Vijay Mallya, Indian businessman and politician, 2015 If corporate India is to thrive, it needs a healthy, functioning banking system. Socially useful projects and initiatives require capital and banks should be able to allocate this capital efficiently. While progress is being made, India’s banks […]

    By Aberdeen Closed-End Funds
  • uploads///FDI inflows
    Company & Industry Overviews

    The Modi Effect: Transforming India One Step at a Time

    Global investors’ perception of India has dramatically transformed in the last two years.

    By Aberdeen Closed-End Funds
  • Financials

    Why the Make in India campaign is key to manufacturing

    India’s newly formed government intends to strengthen ties with the U.S. in the manufacturing domain. “The Make in India campaign is a Lion’s Step towards making the country a destination for global manufacturing,” said Modi.

    By Surbhi Jain
  • Financials

    Modi invites Japan to transform India into a major factory center

    Indian Prime Minister Narendra Modi embarked on his five-day visit to Japan on August 30 with the belief that India and Japan can make history by working together in several areas, like digital, solar energy, technology, and skills.

    By Surbhi Jain
  • uploads///Indias Service Sector PMI Improves in June
    Macroeconomic Analysis

    India’s Service Sector Activity Strengthened at the End of 2Q17

    The service sector PMI (purchasing mangers’ index) in India (INDA) rose to 53.1 in June 2017, compared to 52.2 in May.

    By Mary Sadler
  • uploads///Indian Manufacturing PMI Declines in June
    Macroeconomic Analysis

    Why Manufacturing Activity in India Fell in June 2017

    Uncertainty related to India’s new goods and services tax, which was implemented on July 1, 2017, seemed to affect India’s manufacturing activity in June 2017.

    By Mary Sadler
  • uploads///Indian Manufacturing Activity Slows in May
    Macroeconomic Analysis

    Why India’s Manufacturing Lost Momentum in May

    Manufacturing activity in India lost momentum in May 2017, with the India Manufacturing PMI (purchasing managers’ index) recording a decline.

    By Mary Sadler
  • uploads///Indias GDP Growth Slows in Q
    Macroeconomic Analysis

    What Happened to Growth in India in Fiscal 4Q16

    Economic growth in India (INDA) slowed during the country’s fiscal 4Q16 (January 2017–March 2017), revealing the impact of demonetization.

    By Mary Sadler
  • uploads///Indian Manufacturing PMI on Rise
    Macroeconomic Analysis

    India’s Manufacturing Activity in May 2017

    The Nikkei Manufacturing PMI in India dropped to 51.6 in May 2017 compared to 52.5 in April 2017.

    By Mary Sadler
  • uploads///Increasing Trade Gap in Indias Balance of Payments
    Macroeconomic Analysis

    A Look at India’s Trade Gap and Its Economic Impact

    India’s trade gap increased 173.5% on a year-over-year basis to ~$13.3 billion in April 2017, beating the market’s expectations of an ~$12.8 billion gap.

    By Mary Sadler
  • uploads///Basic Materials Continues to Lead in
    Macroeconomic Analysis

    Does the Basic Materials Sector Still Lead in India in 2017?

    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.

    By Mary Sadler
  • uploads///Gold Price change
    Macroeconomic Analysis

    Bull Market: Expected for Gold, Not for Bonds

    Long-Term Outlook Remains Positive for Gold Bull Market Our view on the long-term gold price is unchanged. We see the recent weakness as a consolidation phase within what we believe is the early stages of the next bull market for gold. We continue to believe dislocations created by the unconventional policies being implemented by central […]

    By VanEck
  • uploads///Gold Price change
    Macroeconomic Analysis

    Bull Market: Expected for Gold but Not for Bonds

    Long-Term Outlook Remains Positive for Gold Bull Market Our view on the long-term gold price is unchanged. We see the recent weakness as a consolidation phase within what we believe is the early stages of the next bull market for gold. We continue to believe dislocations created by the unconventional policies being implemented by central […]

    By VanEck
  • uploads///Indian Equity Indices After Demonetization
    Company & Industry Overviews

    India’s Financial Markets Fell Due to Demonetization

    The two benchmark equity indices—the Nifty 50 and the S&P BSE Sensex—fell each trading day since the demonetization except for November 10 and November 22.

    By David Ashworth
  • uploads///India GVA Growth Rate At Basic Prices
    Macroeconomic Analysis

    How Could Demonetization Impact the Indian Economy?

    The demonetization of the 500 rupee note and the 1,000 rupee note will likely hit the Indian economy hard in the short term.

    By David Ashworth
  • uploads///Percentage Share of Denominations in Circulation by Value in FY
    Miscellaneous

    Why India Demonetized 2 Currency Notes

    The 500 rupee note and the 1,000 rupee note were demonetized at midnight on November 8. The move aimed to curb black money in the financial system.

    By David Ashworth
  • uploads///Gold Price change since
    Macroeconomic Analysis

    Gold and Gold Miners: Analyzing Recent Performance

    Gold bullion ended September at $1,315.75 per ounce for a 0.5% gain while gold stocks experienced more positive returns. The NYSE Arca Gold Miners Index[1. NYSE Arca Gold Miners Index (GDMNTR) is a modified market capitalization-weighted index comprised of publicly traded companies involved primarily in the mining for gold] (GDMNTR) posted a 3.8% gain, while […]

    By VanEck
  • uploads///Dollar Index and Gold Price
    Macroeconomic Analysis

    India and Asia’s Festive Season Could Help Gold Prices in October

    Gold has fallen below $1,300 per ounce and broken below the longer-term trend line that had been established this year.

    By VanEck
  • uploads///Economic Growth in India and China
    Macroeconomic Analysis

    India’s Economic Growth Strong, While China’s May Be Stabilizing

    In its October World Economic Outlook, the IMF projected that India’s economic growth would reach 7.6% in both 2016 and 2017.

    By David Ashworth
  • uploads///Equity Indices Reaction to RBI Announcement
    Company & Industry Overviews

    Indian Equities Rise after the RBI’s October 2016 Monetary Policy Announcement

    Equities gain Indian equities rose on October 4, 2016, the day of the RBI’s (Rerserve Bank of India) latest monetary policy announcement. The central bank’s cut of its repo rate had a positive effect on equities, with bonds rising initially along with the Indian rupee. Banking and telecom stocks were among major gainers during the […]

    By David Ashworth
  • uploads///Food Inflation in India May Fall Further
    Macroeconomic Analysis

    How Does the RBI See Food Inflation Panning out in India?

    Components of inflation While food inflation in India has been pushing retail inflation up, fuel inflation (BP) (STO) (RDS.B), another important component, has been subdued. According to the October monetary policy statement issued by the RBI (Reserve Bank of India), “Fuel inflation has moderated steadily through the year so far.” The RBI has also announced […]

    By David Ashworth
  • uploads///inflation
    Company & Industry Overviews

    Rajan to the Rescue: The Inflation Story

    Consumer prices increased in India by 5.8% in June 2016 on a year-over-year basis.

    By Aberdeen Closed-End Funds
  • uploads///india second largest phone site
    Company & Industry Overviews

    How Modi’s ‘Digital India’ Campaign Could Spur Growth

    Digital India aims to make government services available to all Indian citizens electronically by providing countrywide Internet connectivity and infrastructure.

    By Aberdeen Closed-End Funds
  • uploads///GST
    Company & Industry Overviews

    How Modi Aims to Overhaul India’s Tax System

    The GST bill was passed by both houses of the Indian parliament on August 8, 2016.

    By Aberdeen Closed-End Funds
  • uploads///corruption
    Company & Industry Overviews

    What Could Threaten India’s Growth?

    Despite the impressive reform agenda and robust GDP growth, there are several challenges facing the Indian economy (PIN) (EPI).

    By Aberdeen Closed-End Funds
  • uploads///Equity Indices Reaction to RBI Announcement
    Company & Industry Overviews

    Indian Equities and Funds Fall after the August Monetary Policy

    Indian equities fell on August 9, the day of the monetary policy announcement. Benchmark equity indices like the S&P BSE Sensex and the Nifty 50 fell 0.4%.

    By David Ashworth
  • uploads///Is Better News in Store for Inflation in India
    Macroeconomic Analysis

    What Risks Does the RBI See for Retail Inflation?

    The RBI thinks that risks to inflation are “tilted to the upside.” A subsequent rise in inflation could have a negative impact on consumer spending.

    By David Ashworth
  • uploads///Earnings of Top Indian Shares Have Been Flat in the Last Few Quarters
    Macroeconomic Analysis

    Can Indian Corporate Earnings Take a Turn for the Best?

    Are Indian corporate earnings likely to turn around? Earnings have been flat since late 2014.

    By Heidi Richardson
  • uploads///World Economic Growth
    Macroeconomic Analysis

    The World Bank Has News about the Global Economy, and It’s Not Good

    In its 25th annual Global Economic Prospects report, the World Bank did not have many good things to say about the global economy in 2016.

    By David Ashworth
  • uploads///India GVA Growth Rate At Basic Prices
    Macroeconomic Analysis

    Reserve Bank of India Sees India on Firm but Uneven Ground

    Industrial production remains a problem for India, with the RBI (Reserve Bank of India) noting that the index measuring industrial production decelerated in fiscal 2015–16.

    By David Ashworth
  • uploads///Indian Economys Sectoral Breakup
    Macroeconomic Analysis

    How Have India’s Industry and Services Sectors Performed?

    In its monetary policy statement released on April 5, 2016, the RBI (Reserve Bank of India) said that the GVA (gross value added) by the industry sector “accelerated in H2” primarily due to low input costs.

    By David Ashworth
  • uploads///Indias GDP and GVA Growth Rates
    Macroeconomic Analysis

    Economic Growth in India is Strong, but Exports Are Hurting

    Data released by India’s CSO (Central Statistics Office) in February 2016 shows that economic growth in India, as measured by its GDP, is expected to be 7.6% in the financial year 2015–2016.

    By David Ashworth
  • uploads///DXY Aug
    Macroeconomic Analysis

    US Dollar Index Bounces Back from Early Losses

    The week starting August 10, 2015, hardly has any major data coming from the US side until Thursday, when retail sales and unemployment will be major drivers.

    By David Meyer
  • uploads///part  world steel
    Macroeconomic Analysis

    Global Steel Consumption Is Expected to Grow 0.5% in 2015

    The WSA expects global steel consumption to grow by 0.5% in 2015 on a YoY basis. This was highlighted in the short range outlook released on April 20.

    By Mohit Oberoi, CFA
  • uploads///Brazilian GDP growth is Dwindling
    Macroeconomic Analysis

    Why has Brazil’s Growth Collapsed?

    Lower commodity prices led to a collapse in Brazil’s growth. Commodity prices have crashed since mid-2014.

    By Russ Koesterich, CFA
  • uploads///Indias Repo Rate
    Macroeconomic Analysis

    The Reserve Bank of India reduces its repo rate

    The Reserve Bank of India, India’s central bank, surprised the financial world by unexpectedly reducing its key interest rate.

    By David Ashworth
  • uploads///Indias Industrial Production
    Macroeconomic Analysis

    “Make in India” could impact India’s industrial production in 2015

    Industrial production is measured by the Index of Industrial Production, or IIP. The index tracks 682 items under three sectors—mining, manufacturing, and electricity.

    By David Ashworth
  • uploads///Contribution to Gross Fixed Capital Formation in India
    Macroeconomic Analysis

    Analyzing India’s fiscal deficit in 2015 and beyond

    There’s a possibility that the government could be soft on its fiscal deficit target in 2015. A lack of corporate spending could push it to increase expenditure this year.

    By David Ashworth
  • uploads///india manufacturing production
    Macroeconomic Analysis

    Modi set to send the manufacturing sector in India into orbit

    India recently became the first Asian country to orbit Mars. Its leader wants the manufacturing sector to aim just as high.

    By Surbhi Jain
  • uploads///FDI in india
    Macroeconomic Analysis

    Make in India: A key campaign for India’s manufacturing sector

    The Make in India campaign, introduced last September, is expected to create job opportunities for at least 100 million youths in India over time.

    By Surbhi Jain
  • uploads///Indias Domestic Production and Import Demand
    Macroeconomic Analysis

    What amount of crude oil does India produce?

    India produces a little under a quarter of its crude oil demand. The EIA estimates that India had close to 5.7 billion barrels of proven oil reserves at the beginning of 2014.

    By David Ashworth
  • uploads///Estimated Consumption of All Petroleum Products in
    Macroeconomic Analysis

    Analyzing India’s oil consumption

    In India, the consumption of oil products saw steady growth over the years. The CAGR (compound annual growth rate) for the ten years ending in March 2014 is above 3.5%.

    By David Ashworth
  • uploads///Consumption of Petroleum Products
    Macroeconomic Analysis

    What products does India produce and consume?

    Before moving on to India’s petroleum consumption, production, and refining, it would be beneficial to take a look at the various products that India produces and consumes.

    By David Ashworth
  • Macroeconomic Analysis

    Must-know: Infrastructure debt funds in India

    Infrastructure debt funds are investment vehicles sponsored by commercial banks, non-banking financing companies, and mutual funds in India.

    By David Ashworth
  • Macroeconomic Analysis

    Why India’s poor infrastructure is a detractor

    The primary reason for India’s slow infrastructure development is poor implementation.

    By David Ashworth
  • Macroeconomic Analysis

    To do or not to do business in India

    Doing business has been a major concern for international businesses interested in setting up shop in India.

    By David Ashworth
  • uploads///Consumer Price Index The Primary Policy Target
    Macroeconomic Analysis

    Must-know: India’s monetary policy

    The RBI is India’s central bank. It used to announce its monetary policy twice in a financial year. In India, a financial year begins in April and ends in March the next year.

    By David Ashworth
  • Macroeconomic Analysis

    Why policy paralysis and slow decision making are detractors

    Policy paralysis has been a real threat to the development of India and has affected business and investments.

    By David Ashworth
  • Macroeconomic Analysis

    Understanding India’s imports, exports, and trading partners

    For fiscal year 2013, China overtook UAE as India’s biggest trading partner. It had $65.8 billion in trade. India had the largest trade deficit with China in 2013.

    By David Ashworth
  • Macroeconomic Analysis

    Why India’s trade balance impacts investors

    Today, most nations are trading with each other. It’s important to look at a country’s trade balances. Trade balances account for a significant portion of a country’s current account.

    By David Ashworth
  • Macroeconomic Analysis

    Where India spends and earns its revenues

    Plan expenditure is closely associated with economic growth. It focuses on investment in order to enhance productive capacity. Non-plan expenditure is mainly obligatory in nature.

    By David Ashworth
  • Macroeconomic Analysis

    Why are there fiscal and revenue deficits in India?

    Fiscal balance is the difference between a government’s revenues—without including borrowings—and expenditures. If expenditures exceed revenues, then there’s a deficit.

    By David Ashworth
  • Macroeconomic Analysis

    India’s different inflation measures—WPI versus CPI

    The CPI is more susceptible to changes in food prices than the WPI. Meanwhile, the WPI is more sensitive to fuel. It assigns a weight of 14.91% to fuel prices.

    By David Ashworth
  • Macroeconomic Analysis

    Why inflation differs between young and mature economies

    For developing or high-growth nations, higher inflation is considered normal—compared to developed nations. The economic growth rate for developing nations is quicker. The demand is higher.

    By David Ashworth
  • Macroeconomic Analysis

    Why India’s industrials sector had stunted growth

    After the economic slowdown hit, the industrials sector was resilient. It continued to contribute more than 28% to the country’s economy in fiscal year 2012.

    By David Ashworth
  • Macroeconomic Analysis

    Why India’s agriculture and allied sectors are influential

    Agriculture is usually considered the backbone of an economy. India has a large amount of agrarian land. It also has suitable weather conditions.

    By David Ashworth
  • Macroeconomic Analysis

    Why certain sectors contributed to India’s economy over the years

    India’s economy started out as an agrarian economy. Agriculture and allied sectors contributed to 51.9% of the economic output in fiscal year 1951.

    By David Ashworth
  • Macroeconomic Analysis

    Why India’s gross domestic product is important

    A country’s total value-added output is also known as the gross domestic product (or GDP). It’s commonly used to measure a country’s economic achievement.

    By David Ashworth
  • Macroeconomic Analysis

    Understanding India’s political system—making decisions

    In India, the decision-making process isn’t fast. It’s affected by the current assembly’s constitution. Slow decisions hurt a nation’s image.

    By David Ashworth
  • Macroeconomic Analysis

    Why India’s political structure is diverse

    Since the first general elections in 1951, the nation elected a single political party—the Indian National Congress (or INC)—to power. However, the trend broke in 1977.

    By David Ashworth
  • Macroeconomic Analysis

    India’s demographics—geography and population profile

    In India, the population is divided among 29 states and seven union territories. Its population is very diverse. India’s geography and weather are also diverse.

    By David Ashworth
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