The India Fund, Inc. Distribution Announcement

NEW YORK--(BUSINESS WIRE)--The India Fund, Inc. (NYSE: IFN; the “Fund”) announced today a distribution of $6.13 per share payable on October 23, 2008 in cash or stock pursuant to the Fund’s dividend reinvestment and cash purchase plan to the shareholders of record on October 9, 2008. The ex date of the dividend is October 7, 2008. The distribution represents the undistributed amount of the Fund’s net investment income and net capital gains for the 2007 calendar year. This distribution includes $0.24 per share of net investment income, $0.50 per share in short-term capital gains and $5.39 per share in long-term capital gains. The per share amount of the distribution may increase from the amount announced today if on the record date there are fewer outstanding shares as a result of the Fund’s semi-annual repurchase offer for up to 5% of its outstanding shares which will expire on September 19, 2008.

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.