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I have some exposure. Look at SMIN. It is a small cap India focused ETF that consistently outperforms the S&P 500.
In response to your question about outsourcing, I am seeing companies outsource routine, maintenance activities. Most strategic, innovative, or long term efforts are still done in house. I do agree there are efficiencies gained using Indian firms. I also think these efficiencies with drive GDP up in both countries.
No exposure to indian markets, sp500 and qqq all the way 🇺🇸 🇺🇸