The India Fund, Inc. Announces Expiration of Rights Offering

NEW YORK--(Business Wire)--
The India Fund, Inc. (NYSE: IFN; the "Fund") announced today the expiration of
its rights offering (the "Offer"). The Offer, which commenced on July 20, 2009,
expired at 5:00 p.m., Eastern daylight time, on August 14, 2009. The Offer
entitled stockholders of record as of July 20, 2009 to subscribe for additional
shares of the Fund`s common stock.

As of August 14, 2009, stockholders of record as of July 20, 2009 subscribed for
11,614,192 shares of the Fund`s common stock, including pursuant to the
over-subscription privilege. To the extent that there are not sufficient shares
to honor all over-subscription requests, the available shares will be allocated
pro rata among those who over-subscribed based on the number of rights
originally issued to them by the Fund. In accordance with the terms of the
Offer, the subscription price of $26.42 represents 95% of the net asset value
per share as of the close of business on the expiration date of the Offer.

The Fund is a closed-end management investment company that seeks long-term
capital appreciation by investing primarily in Indian equity securities. The
Fund conducts semi-annual repurchase offers and is traded on the New York Stock
Exchange under the trading symbol "IFN."

Blackstone Asia Advisors L.L.C. serves as the Investment Manager to the Fund.
The Investment Manager is an affiliate of The Blackstone Group, L.P.

This press release may contain statements regarding plans and expectations for
the future that constitute forward-looking statements within the Private
Securities Litigation Reform Act of 1995.All statements other than statements of
historical fact are forward-looking and can be identified by the use of words
such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue"
or other similar words.Such forward-looking statements are based on the Fund`s
current plans and expectations, and are subject to risks and uncertainties that
could cause actual results to differ materially from those described in the
forward-looking statements.Additional information concerning such risks and
uncertainties are contained in the Fund`s filings with the Securities and
Exchange Commission.

Blackstone Asia Advisors L.L.C.
1-866-800-8933

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