<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

                                                                 Exhibit 99.1



                  THE INDIA FUND, INC. ANNOUNCES APPOINTMENT OF
          BLACKSTONE ASIA ADVISORS L.L.C. AS NEW INVESTMENT MANAGER AND
                 BLACKSTONE FUND SERVICES INDIA PRIVATE LIMITED
                             AS NEW COUNTRY ADVISER


     NEW YORK, November 8, 2005 - The India Fund, Inc. (NYSE: IFN) (the "Fund")
announced today that the Fund's Board of Directors has appointed Blackstone Asia
Advisors L.L.C. ("Blackstone Advisors") to serve as the Fund's interim
investment manager and Blackstone Fund Services India Private Limited
("Blackstone India") to serve as the Fund's interim country adviser upon the
expiration of the Fund's existing arrangements with Advantage Advisers, Inc. and
Imperial Investment Advisors Private Limited on December 4, 2005. The Board of
Directors also approved a new investment management agreement between the Fund
and Blackstone Advisors and a new country advisory agreement between Blackstone
Advisors and Blackstone India which will be submitted to stockholders for
approval. The interim agreements will remain in effect until the earlier of (i)
stockholder approval of the new agreements and (ii) May 3, 2006.

     Punita Kumar-Sinha, the Fund's portfolio manager for the last eight years,
will, supported by her investment team, continue to manage the Fund's assets on
a day-to-day basis as portfolio manager under new employment arrangements with
Blackstone Advisors.

     The Fund also announced a significant reduction in investment management
fees to be paid under the interim management agreement with Blackstone Advisors,
as well as under the proposed management agreement, if approved by stockholders.
The new monthly management fee will be an annual rate of: (i) 1.10% of the
Fund's average weekly net assets for the first $500,000,000; (ii) 0.90% of the
Fund's average weekly net assets for the next $500,000,000; (iii) 0.85% of the
Fund's average weekly net assets for the next $500,000,000; and (iv) 0.75% of


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the Fund's average weekly net assets in excess of $1,500,000,000. As a result,
fees will be lower on any assets in excess of $500,000,000. Based on assets as
of October 31, 2005, this would result in an annual management fee reduction of
approximately $448,000.

     Blackstone Advisors and Blackstone India are newly-formed affiliates of The
Blackstone Group. The Blackstone Group, a private investment and advisory firm
with offices in New York, Atlanta, Boston, London, Hamburg, Paris and Mumbai,
was founded in 1985. The firm has raised a total of approximately $46 billion
for alternative asset investing since its formation, including $1 billion for
private equity investments in India. The Blackstone Group's six core businesses
are Private Equity Investing, Private Real Estate Investing, Corporate Debt
Investing, Marketable Alternative Asset Management, Corporate Advisory, and
Restructuring and Reorganization Advisory. The Directors believe that the
Blackstone personnel and skills involved in these activities should contribute
to the success of the Fund.

     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".

     Periodically updated information on the Fund can be obtained through the
Fund's toll-free phone line at 1-800-421-4777. Information provided includes a
recorded update including monthly portfolio manager commentary, the weekly net
asset value calculation and other information.

     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.

      Contact:
      Advantage Advisers, Inc.           Blackstone Asia Advisors L.L.C.
      1-800-421-4777                     John Ford
                                         1-212-583-5559
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