Lot of Indian stocks have taken beating during the recent month. Some are down by almsot 50%. Take example of ticker IBN, a leading Indian bank.  This stock is suffering because of the US subprime bubble but in reality there is very little impact.  Similalry, ETFs and Stock funds with Indian stocks such as EPI, MINDX, IFN all are down significantly.  Sure there was a bubble but the market has correctect more tha 20% now.  So right now I am analyzing if I should be getting back into the Indian equities.  Btw..check out WealthyIndians.com a website for NRI money management.