0712-india-factory-630x420In the past, toy makers such as the American Mattel and the British Hamleys have recalled their China-made products due to health hazard concerns. These and other such instances have shaken U.S. consumer confidence in China-made products to an extent. Another issue of concern for U.S. companies is rising wages in China. So far, China remains the manufacturing hub for the U.S. But perhaps, given concerns about China, India can become more of a base for labor-intensive manufacturing.  India’s manufacturing sector enjoyed strong growth over the last decade. In 2013, the country was ranked the fourth-most competitive manufacturing nation in Deloitte’s global index of 38 nations. Growth in India’s manufacturing sector bodes well for ETFs (exchange-traded funds) investing in Indian equities such as the WisdomTree India Earnings Fund (EPI), the PowerShares India Portfolio (PIN), and the iShares MSCI India ETF (INDA). Just as the SPDR S&P 500 ETF (SPY) and the iShares Core S&P 500 ETF (IVV) serve as good gauges of the U.S. economy, these ETFs help read the pulse of the Indian economy. More