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India Opportunity
Please click here for an enlarged chart of India ETF (ARCA: EPI).
Note the following:
- The Arora Report has been sharing with members and readers for 17 years that India represents one of the best opportunities for long term investors.
- The chart shows that Indian stocks are hitting a lifetime high on election results.
- RSI on the chart shows there is more room to run.
- India’s GDP is growing at 8% per year. In comparison, without excessive government spending, the underlying growth rate of the U.S. economy is 2% – 3%.
- Official results of the Indian election will be released tomorrow. The market is rallying on exit polls.
- The exit polls show that Modi’s Bharatiya Janata Party (BJP) along with its alliance members is likely to get a two thirds majority in the 543 member lower house.
- A two…
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