iShares MSCI India ETF down 10.9% YTD amid AI-driven outflows and macro challenges

The iShares MSCI India ETF (INDA) has experienced a 10.9% loss year-to-date due to capital outflows favoring AI-related trades and broader macroeconomic headwinds. INDA's heavy exposure to financials makes it a play on India's domestic growth, which the IMF supports with an upgraded 7% GDP forecast for 2026. Potential recovery catalysts include easing foreign selling if AI trade interest wanes, improved growth forecasts, and progress toward a U.S.-India trade deal. Despite a positive outlook for India, the ETF is rated as a 'Hold' due to concerns about opportunity cost compared to more diversified international ETFs.

The iShares MSCI India ETF (INDA) trades at USD 48.00 on Pluang as of Oct 16, 2026, 18:41 WIB, showing a slight 1-day gain of 0.15%. Despite the ETF's year-to-date loss, Pluang users currently show 100% buy activity with no sell orders. The typical holding period for INDA on Pluang is 61 days, reflecting steady investor interest amid ongoing market dynamics.