This article originally appeared on RealMoney.com on Sept. 4, 2014 at 4:00 p.m. To read more content like this AND see inside Jim Cramer's multi-million dollar portfolio for FREE... Click Here NOW.
I haven't written a full column about India and investment performance and opportunities there since Narendra Modi and the Bharatiya Janata Party (BJP) won a commanding victory last May. Modi ran his campaign for prime minister with an almost unilateral promise to focus on the Indian economy, by removing regulatory and other governmental hindrances to growth and spurring foreign investment in the country's infrastructure and other areas.
Foreign investors responded enthusiastically to the campaign promises by driving Indian equities and ETFs up dramatically leading into the election. With his first 100 days now behind him this is a good time to review what's transpired since I last wrote about specific investment opportunities there last April.
Since April, the WisdomTree India Earnings ETF (EPI) , EGShares India Infrastructure (INXX) , and iShares India 50 (INDY) are each up about 20%. Direxion Daily India Bull 3X ETF (INDL) is up about 60%.
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Year to date, since investors, especially those outside of India, began to anticipate a Modi/BJP win, the returns have been almost exactly twice that, with the first three up about 40% and the Direxion Daily India Bull 3X ETF up about 120%.