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The India Fund, Inc. Announces Earnings For The Twelve Months Ended December 31, 2010

The India Fund, Inc. (NYSE: IFN; the “Fund”), a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of Indian companies, today announced unaudited results for the twelve months ended December 31, 2010.

For the twelve months ended December 31, 2010, the Fund’s net realized gains were $213,046,347 and the net change in unrealized gains was $100,383,353. Net investment loss for the twelve months ended December 31, 2010 was $877,810. For the same twelve month period ended December 31, 2009, the Fund's net realized gains and net change in unrealized gains were $15,667,700 and $648,417,767, respectively. Net investment loss was $372,825.

On December 31, 2010, total net assets of the Fund were $1,581,367,565, and the net asset value (“NAV”) per share was $35.71 based on 44,284,988 shares outstanding. The Fund's common stock closed on the New York Stock Exchange on December 31, 2010 at $35.11 per share, representing a discount of 1.68% to the Fund’s December 31, 2010 NAV. On December 31, 2009, total net assets of the Fund were $1,608,617,141, and the NAV per share was $32.78 based on 49,069,239 shares outstanding. The Fund's common stock closed on the New York Stock Exchange on December 31, 2009, at $30.70 per share, representing a discount of 6.35% to the Fund’s December 31, 2009 NAV.

In April 2003, stockholders of the fund voted to adopt an interval fund structure, pursuant to which the Fund conducts semi-annual repurchase offers for between 5% and 25% of the Fund’s outstanding common stock.

During the twelve months ended December 31, 2010 the Fund conducted two repurchase offers. The first repurchase offer commenced on February 19, 2010 and expired on March 12, 2010. In connection with the repurchase offer, the Fund purchased 2,453,462 shares of capital stock at a total cost of approximately $81,341,808, net of a 2% repurchase fee of $1,655,596. The second repurchase offer commenced on August 20, 2010 and expired on September 10, 2010. In connection with the repurchase offer, the Fund purchased 2,330,789 shares of capital stock at a total cost of approximately $87,076,756, net of a 2% repurchase fee of $1,772,798.

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