How India's ETF market became the second fastest growing in the world

Doubles assets to $4 billion from $1.9 billion in three years

India's exchange traded funds (ETF) market is now the second fastest growing market, second only to Japan, with assets more than doubling to $4 billion from $1.9 billion in the past three years, as per media reports citing Bloomberg Intelligence report. 

Here are three reasons why the growth of these products has picked up steam:

CPSE ETF: The government roped Goldman Sachs Asset Management India to launch it's first ETF on 18 March 2014, comprising  a basket of 10 stocks majority owned by the Indian government. These include Oil and Natural Gas Corp, GAIL (India), Coal India Ltd, Rural Electrification Corporation, Oil