Graham Tuckwell's ETF Securities is set to launch a new exchange traded fund that will invest in stocks listed on the National Stock Exchange of India.
The passive ETF, named NDIA, will give Australian investors access to global companies such as Tata and Infosys.
ETF Securities has partnered with an unnamed Indian asset manager in launching the product. The launch is still a few weeks away, a spokesperson said.
"Dealing with all the red tape probably explains why no-one else in Australia has attempted the sort of fund we are about to offer. This will be the first passive exposure to India available to Australian investors - whether listed or unlisted," head of ETF Securities Australia Kris Walesby said.
"[India's] transformation to a services-led economy has driven innovation and efficiencies and the rise of a wealthier consumer.
"Even with the challenges it now faces, we still think the Indian economy can register annual growth rates of as much as seven per cent, putting it at the head of the pack among major economies."
India's $2.6 trillion economy is the sixth largest in the world. The country is currently conducting its general elections where 900 million people are expected to vote.
International equities were the most attractive asset class to Aussie ETP investors for the year ending March 31 with net inflows of $3 billion taking the total AUM to $20.3 billion.