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Emerging market ETFs are surging in 2017 and within that space, India ETFs are the best performers. Foreign investors continue to pour money into Indian stocks as optimism about economic growth and structural reforms continues to rise.

Since his election in 2014, Prime Minister Modi’s government has pushed through a lot of reforms in India. Foreign investors continue to believe that he will be able to take necessary actions to promote foreign investments, revamp tax system, promote infrastructure and reduce corruption.

Modi’s party recently had a big victory in an important state election, which suggests that he’ll most likely win second term in office in the next general elections.

Per IMF, the Indian economy will grow at 7.2% in 2017 and 7.7% in 2018, making it the fastest growing major economy in the world.

For US tech giants, India is a very important market and they’re betting big on growth prospects in the country.

Apple (AAPL - Free Report) is expected to start manufacturing iPhones in India within the next 1-2 months. It is an important market for them since sales in China are slowing down. India is now the second largest smartphone market in the world.

Amazon (AMZN - Free Report) is investing $5 billion in India. Facebook (FB - Free Report)and Google-Alphabet (GOOGL) compete with each other to provide connectivity to Indians that have no internet access as of now.

With a population exceeding 1.2 billion, India has the potential to become the largest open internet market in the world.

Uber is aggressively expanding in India, after retreating from China last year.

To learn more about three popular India ETFs—theiShares MSCI India ETF (INDA -Free Report), WisdomTree India Earnings Fund (EPI) and the Van Eck India Small-Cap Index ETF (SCIF - Free Report), please watch the short video above.