The BRIC (Brazil, Russia, India and China) economies account for over 40 per cent of the world's population and about 20 per cent of its economy. Their vitality was widely expected to shore up the global economy, more so when they initially seemed to be coping better than the developed economies with the global downturn. But today, the BRIC pack too is struggling against the macro-economic headwinds. Among them, India appears to be the worst affected, hit by triple whammy of high current account deficit, inflation and weakening currency.
Graphic by Santosh Kushwaha
Research by Jyotindra Dubey