THE INDIA FUND, INC.
NOTE A: ORGANIZATION
The India Fund, Inc. (the “Fund”) was incorporated in Maryland on December 27, 1993, and
commenced operations on February 23, 1994. The Fund operates through a branch in the
Republic of Mauritius. The Fund is registered under the Investment Company Act of 1940,
as amended (the “1940 Act”), as a non-diversified closed-end management investment
company. The Fund’s investment objective is long-term capital appreciation by investing
primarily in Indian equity securities.
NOTE B: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following significant accounting policies are in conformity with generally accepted
accounting principles in the United States of America (“GAAP”), which are consistently
followed by the Fund in the preparation of its financial statements.
The preparation of financial statements in conformity with GAAP requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of increases and decreases in net assets from operations during the
reported period. Actual results could differ from those estimates.
Significant accounting policies are as follows:
Portfolio Valuation. Investments are stated at value in the accompanying financial
statements. All securities for which market quotations are readily available are valued at:
Securities that are traded over-the-counter are valued, if bid and asked quotations are
available, at the mean between the current bid and asked prices. Securities for which sales
prices and bid and asked quotations are not available on the date of determination may be
valued at the most recently available prices or quotations under policies adopted by the
Board of Directors. Investments in short-term debt securities having a maturity of 60 days or
less are valued at amortized cost which approxim