Investors on Wall Street still seem to like one of the big emerging global markets — with a caveat or two.
India is the last standing “BRIC” — the term coined to refer to the once-rising national powerhouses of Brazil, Russia, India and China. Buying into the group has become an increasingly dangerous proposition in the last year, with lower commodity prices, a stronger U.S. dollar and general market volatility hurting all four.
But looked at individually, the economy in India would appear to have advantages over the other three. Brazil is dealing with heightened political uncertainty, high inflation and low growth. China continues to disappoint on the economic front despite a series of measures unveiled by the People’s Bank of China to stimulate growth. And Russia is suffering from a drop in oil prices as well as Western sanctions designed to punish its military adventurism in Ukraine.