"India is one of the hottest economies on the planet and holds tremendous profit potential," says Larry Edelson in Real Wealth. Here, he looks at a trio of fund poised to "capitalize on India's boom."

"India's economy is growing at a 9% rate, ten times faster than the U.S. and only a couple of percentage points behind China. And the Indian economy is not merely outgrowing the U.S. by leaps and bounds; it's also at the very epicenter of the booming natural resource markets.

"India has the fastest-growing population in the world, expanding at the rate of some 16 million per year. At that rate, India's population will exceed 1.4 billion people and be larger than China's by 2030.

"If you've ever read the great E.M. Forster and his seminal novel A Passage To India, you are probably already acquainted with the riches of India's culture," notes leading fund expert Doug Fabian.

In his Successful Investing, the advisor explains, "Now thanks to two new exchange-traded funds, it's going to get easier than ever to get acquainted with the financial riches of India's equity markets."

"WisdomTree Investments launched what it calls the investment industry's first exchange-traded fund focused on India. The fund, called WisdomTree India Earnings Fund (NYSE: EPI), began trading on Feb. 22. Rival ETF provider PowerShares is right behind with its PowerShares India Portfolio (NYSE: PIN).

"WisdomTree India Earnings Fund invests directly in local Indian securities by selecting from a universe of approximately 150 profitable companies that are included in the WisdomTree India Earnings Index.

For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"The India Fund (NYSE: IFN) is our top speculative idea for 2008," says Carla Pasternak, editor of High Yield Investing. "As investors fret that a downturn in the US housing sector could cool global growth, the world's second-fastest growing major economy after China is forging ahead.

"India's economy is expanding at a rapid +9% clip, nearly double the latest growth rate put in by the US economy. It's no wonder India's benchmark Bombay Sensex Index is up 44% this year.

"And the future looks equally strong. Thanks in part to US firms outsourcing their customer service and data-processing jobs, India is seeing the rise of a new middle class. Estimated at some 300 million of the billion-plus population, India's middle class is mushrooming at a rate of about 20% a year.

"A growing consumer class with an insatiable appetite for everything from houses to TV sets, and the money to buy them -- the world's fastest-growing democracy appears to be in the early stages of a major bull market.