iPath MSCI India Index (INP)

Room to grow - hang on long enough and you just might die rich!

India is (behind China) the 21st centuries economic superpower in the making ... India is 30-40 years behind the developed West in terms of its stage of development. The fastest growing miidle class in the world (which is bigger than the population of the US) will create massive amounts of buyer power and therefore demand for goods over the next several DECADES. India's infrastructures is decades behind China let alone the developed West - consider that India didn't have a national highway system connecting the 4 biggest cities until a few years ago and the development of its highway system is in its infancy. Roads, modernizing the antiquated electrical grid and building new generation facilities to keep up w/ demand (which currently far exceeds available supply), schools, bridges, tunnels are all in maasive need of investment.

Add it all up and India should grow at an average rate of 8-9% over the next 20-30 years. For those who worry about the volatility/stability of a foreign market, they should keep in mind that India is a stable (and the world's largest) democracy, has a sound legal system that works, is english speaking and has a highly trained and skilled work force in addition to massive amounts of natural resources that the country sits on.