NDIA – India Nifty 50 ETF

For those who have chosen one of the Indian stock ETF’s such as NDIA the recent elections in India where Mr. Modi did not poll as well as expected may be a cause for pause.

Congress, the party of the Gandhi gang, did better than expected and they and other regional parties may put a brake on some of Mr. Modi’s more outrageous godbothering schemes.

Both the far left wing press such as our ABC and the far right wing press such as the UK Telegraph have the vapours this morning over the result. It is always a good sign when this happens as neither extremity have broad support outside their own constituencies and the centrist opinion will prevail.

It is my belief that it will all be for the better as Modi was starting to believe in the superiority of his own particular god and from experience on the sub-continent this has always led to mass murder and mayhem. Significant in the result was the heft of the youth vote which prefers ham over Ram.

Personally I’m hoping for a reasonable under 10% fall in NDIA’s sp as I would like to add, or perhaps look at one of the other Indian ETF’s.

gg