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Portfolio building BRIC showing potential: Cramer

Off the Charts: Emerging market comeback ahead?

(Click for video linked to a searchable transcript of this Mad Money segment)

With new signs suggesting that the global economy is picking up steam, where should you put money to work?

"I believe the emerging markets are where the real growth is, worldwide," said Cramer.

And analysis from Ed Ponsi, managing director of Barchetta Capital Management – and a Cramer colleague at - suggests that of all the emerging nations, India may be among the best bets.

Hanquan Chen | E+ | Getty Images

Why is Ponsi bullish on the Wisdom Tree India ETF (TICKER: EPI), which is made up of companies headquartered in India? Here's what he tells Cramer:

- The Moving Average Convergence Divergence indicator, or MACD has made a bullish crossover.

- The ETF broke out above a major descending trend-line that had previously represented a significant ceiling of resistance.

- The ETF broke out above its 50-day moving average for the first time in more than three months.

- A recent rally in the EPI over the past week and a half has occurred on strong volume.

All told, Ed Ponsi believes the confluence of bullish chart patterns could mean significant upside.

Beyond these chart patterns, Ponsi sees a fundamental reason why shares of India based companies may rally.

India's rupee has been growing weaker against the US dollar for quite some time. However, Ponsi believes the rupee may have bottomed last week.

"When the rupee was getting crushed, nobody wanted to own rupee-denominated assets, like the Indian stocks that make up this ETF," Cramer added.

However, an anti-inflation leadership change at the Central Bank of India has generated new confidence in the currency. Therefore, companies headquartered in India may attract buyers on the belief they will benefit from this shift.

Cramer finds the analysis intriguing.

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"In this environment your portfolio certainly needs to have some international exposure," he said. "India is on the risky side, but there's no denying that it's got growth, and if their central bank can really get inflation under control, then you certainly might want some exposure to India stocks in your portfolio."

However, Cramer added he can only bless this stock as a 'spec'.

Call Cramer: 1-800-743-CNBC

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