India ranks lowest amongst BRIC countries at FinGad.com

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India ranks lowest amongst BRIC countries

Categorie: Emerging Markets
Submitted 3 months ago by

Narasimhan , Owner at Krish Systems

India has lost out amongst its peers viz Brazil, Russia and China unable to handle consistent and steady GDP growth of 6-8% over the past decade. The inflation, according many it is a pass through of crude oil price increases, has posed a dilemma to the policy planners. Presently, inflation is being contained by monetary contraction measures that will trim and pull down the growth. The only justification seems to be slowing of US economy pushing Indian authorities to look at choking credit rather than correcting serious flaws in pricing and subsidies that are being doled out.During the month of June Indian exports grew by 12% in US dollar terms, at nearly half the rate it has registered earlier. It is relevant to that rupee sliding from Rs. 40 to RS. 43 in a brief period must increased dollar demand and withholding of dollar supplies by the ex... More...

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