India Holds Advantages Over Other BRICS

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.


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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza