CHART, BIG NEWS MAKE INDIA A BUY FOR LONG-TERM INVESTORS $EPI $INDA $INDY $PIN $INP
There is big news from India that warrants long-term investor’s attention. Presentation of the budget to the Parliament is often the biggest economic news of the year in India. Finance Minister Arun Jaitley just presented the budget for the next year. The story here is that unlike most other countries in the world, Prime Minister Modi has foregone the temptation to do heavy deficit spending to generate growth and popularity. Combine this with a potential long-term bottom on a technical basis in the India Earnings Fund ETF EPI, and you have a great setup for investors.
For Modi, I say kudos, as he is sticking with the financial discipline to narrow fiscal deficit to 3.5% of GDP during the next fiscal year, it is 3.95% in the present fiscal year.… Please click here or the title below to read more.