The India Fund, Inc. Announces Final Results of Semi-Annual Repurchase Offer

The India Fund, Inc. (NYSE: IFN; the "Fund") announced the final
results of the Fund´s semi-annual repurchase offer for its shares of
common stock. The repurchase offer and withdrawal rights expired on
Friday, March 14, 2008. The Fund offered to repurchase up to 5% of its
outstanding shares of common stock for cash at a price approximately
equal to net asset value as of March 24, 2008. As of Friday, March 14,
2008, 42,516,770.8348 Fund shares were outstanding. Approximately
4,071,660.2142 shares were validly tendered and not withdrawn prior to
the expiration of the Fund´s repurchase offer. The repurchase amount
of 5% of Fund shares represents approximately 2,125,838 shares
outstanding. The shares accepted for tender will receive cash at a
repurchase offer price of $44.0216, which is equal to the Fund´s net
asset value per share of $44.92 as of March 24, 2008, less a
repurchase fee of $0.8984 per share. Cash payment for the repurchased
shares will be issued on or before March 28, 2008. After the
repurchase offer, the Fund will have approximately 40,390,932.8348
shares outstanding.

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.

Information on the Fund can be obtained on the Blackstone website
(www.blackstone.com) or by calling the Fund´s toll-free phone number
at 1-866-800-8933.

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.