|Bid||38.00 x 1000|
|Ask||38.69 x 1000|
|Day's Range||38.25 - 38.47|
|52 Week Range||31.04 - 38.68|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.73|
|Expense Ratio (net)||0.92%|
India, the world's largest democracy and fastest growing large economy, will soon pick a new leader in its 17th general election. The country has a parliamentary system of government with the prime minister as its head. If no single party wins a majority of the seats, a coalition government can be formed.
Several fiscal policy reforms, easing monetary policy, stronger currency and relatively higher growth rate kept India ETFs super strong during Modi's tenure.
The India Manufacturing PMI rose at a higher rate in June than in May. It was 52.6 in June compared to 51.2 in May. It beat the market expectation of 52 and was the strongest expansion in the services sector since June 2017.
India’s manufacturing PMI (purchasing managers’ index) rose at a slower rate in May as compared to April. It stood at 51.2 in May as compared to 51.6 in April. The reading didn’t beat the market’s expectation of 51.5.
According to data provided by Markit Economics, the final Markit services PMI for India improved significantly in April. It was 51.4 in April compared to 50.3 in March. It met the preliminary market estimate of 51.4.
India’s manufacturing PMI rose sequentially in April. It was 51.6 in April compared to 51 in March, beating the market expectation of 51.3.
India’s manufacturing PMI (purchasing managers’ index) fell unexpectedly in March, to 51.0 from 52.1 in February. The reading missed the market’s expectation of 52.8 and marked the slowest expansion in manufacturing activity since October 2017.