Comments on: As Problems in India and Russia Escalate, Let’s Drop the BRIC http://moneymorning.com/2009/03/06/bric-economies/ Global Investment News Mon, 22 Mar 2010 12:01:40 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: Abhimanyu http://moneymorning.com/2009/03/06/bric-economies/comment-page-1/#comment-13755 Abhimanyu Tue, 16 Feb 2010 14:40:42 +0000 http://www.moneymorning.com/?p=5516#comment-13755 Martin, after reading your assessment about India, I am having serious doubts about your knowledge, credentials and understanding (about politics? about foreign reerves?) of India and its financial growth, anyway in last quarter, India clocked 7.9% GDP growth. With rapidly increasing middle class which is now touching 380 million and disposable income, the growth is fueled by indigenous demand, not by exports and artificial suppression of currency. Also India's current or future growth has nothing to do with the government in power, which can be seen from the last 12 years. I will advice you to do your homework first as the current article lacks any facts and substance and case of selective writing. Martin, after reading your assessment about India, I am having serious doubts about your knowledge, credentials and understanding (about politics? about foreign reerves?) of India and its financial growth, anyway in last quarter, India clocked 7.9% GDP growth. With rapidly increasing middle class which is now touching 380 million and disposable income, the growth is fueled by indigenous demand, not by exports and artificial suppression of currency.

Also India’s current or future growth has nothing to do with the government in power, which can be seen from the last 12 years. I will advice you to do your homework first as the current article lacks any facts and substance and case of selective writing.

]]> By: Dr. S. K. Sharma http://moneymorning.com/2009/03/06/bric-economies/comment-page-1/#comment-5652 Dr. S. K. Sharma Wed, 24 Jun 2009 09:16:25 +0000 http://www.moneymorning.com/?p=5516#comment-5652 I do not agree that during 2004-08, India did well due to reforms carried out due to erstwhile Bajpayee Government . In fact the reforms were carried out right from 1991 when Dr. Mammohan Singh was the Finance Minister in 1991. The UPA government has already taken the lead in reforms that have fetched more jobe than inflation recently. It is only because of sound economic measures that India has not suffered the way the developed and developiong xountries have suffered the great depression. The impact of global recession is very much in control after the UPA government has once again taken the charge. India will continue to have its impact on the global economy in terms of rising trade and overall employment. The Hindu Growth rate is of past only. The future growth is expected to be around 6% in the coming quarter. Dr. S. K. sharma I do not agree that during 2004-08, India did well due to reforms carried out due to erstwhile Bajpayee Government . In fact the reforms were carried out right from 1991 when Dr. Mammohan Singh was the Finance Minister in 1991. The UPA government has already taken the lead in reforms that have fetched more jobe than inflation recently. It is only because of sound economic measures that India has not suffered the way the developed and developiong xountries have suffered the great depression. The impact of global recession is very much in control after the UPA government has once again taken the charge. India will continue to have its impact on the global economy in terms of rising trade and overall employment. The Hindu Growth rate is of past only. The future growth is expected to be around 6% in the coming quarter.
Dr. S. K. sharma

]]> By: Looking For the Next Global Profit Play? Take a Look at These Emerging Market ETFs http://moneymorning.com/2009/03/06/bric-economies/comment-page-1/#comment-5651 Looking For the Next Global Profit Play? Take a Look at These Emerging Market ETFs Wed, 20 May 2009 10:06:02 +0000 http://www.moneymorning.com/?p=5516#comment-5651 [...] four markets - Brazil, Russia, India and China - comprise the so-called “BRIC” economies of the [...] [...] four markets – Brazil, Russia, India and China – comprise the so-called “BRIC” economies of the [...]

]]> By: World Bank Predicts 4.5% Contraction for Russia’s Economy, Possible “Social Crisis”  http://moneymorning.com/2009/03/06/bric-economies/comment-page-1/#comment-5649 World Bank Predicts 4.5% Contraction for Russia’s Economy, Possible “Social Crisis”  Mon, 30 Mar 2009 17:33:03 +0000 http://www.moneymorning.com/?p=5516#comment-5649 [...] Also, Russia’s continuing weakness is causing emerging market investors to look elsewhere. Since their high last spring, Russia’s stock prices are down nearly 80%, and Money Morning Contributing Editor Martin Hutchinson has crossed the Russian markets off his list of growth opportunities. [...] [...] Also, Russia’s continuing weakness is causing emerging market investors to look elsewhere. Since their high last spring, Russia’s stock prices are down nearly 80%, and Money Morning Contributing Editor Martin Hutchinson has crossed the Russian markets off his list of growth opportunities. [...]

]]> By: With Russia’s Economy in a Deep Freeze, Is Medvedev Gearing Up to Give Putin Das Boot? http://moneymorning.com/2009/03/06/bric-economies/comment-page-1/#comment-5650 With Russia’s Economy in a Deep Freeze, Is Medvedev Gearing Up to Give Putin Das Boot? Wed, 25 Mar 2009 10:01:56 +0000 http://www.moneymorning.com/?p=5516#comment-5650 [...] Money Morning: As Problems in India and Russia Escalate, Let’s Drop the BRIC [...] [...] Money Morning: As Problems in India and Russia Escalate, Let’s Drop the BRIC [...]

]]> By: Muzaffar MH, MBA http://moneymorning.com/2009/03/06/bric-economies/comment-page-1/#comment-5648 Muzaffar MH, MBA Mon, 23 Mar 2009 18:32:49 +0000 http://www.moneymorning.com/?p=5516#comment-5648 I agree with Paleri's comment on the success of BRIC, as one need to the see how these economies are brought together, Brazil as a raw material power house, China as a low cost manufacturer, India as low cost services or more generally we can say the world's back office and Russia, the oil reserve. What else you need to operate in this planet earth. Who would have though all these years that Brazil will be such a success in these 6 years and Japan after world war 2. However, they proved the world worng. Yes, I agree with all of you that we are indeed in deep financial crisis, but its wrong to write-off any country's potential just on the basis of one bad economic cycle. The title of this article could be amended slightly instead of saying "Lets drop the BRIC", should have said turbulence in 'BRIC' wall, which would have suit the article. I agree with Paleri’s comment on the success of BRIC, as one need to the see how these economies are brought together, Brazil as a raw material power house, China as a low cost manufacturer, India as low cost services or more generally we can say the world’s back office and Russia, the oil reserve. What else you need to operate in this planet earth. Who would have though all these years that Brazil will be such a success in these 6 years and Japan after world war 2. However, they proved the world worng. Yes, I agree with all of you that we are indeed in deep financial crisis, but its wrong to write-off any country’s potential just on the basis of one bad economic cycle. The title of this article could be amended slightly instead of saying “Lets drop the BRIC”, should have said turbulence in ‘BRIC’ wall, which would have suit the article.

]]> By: P. Paleri http://moneymorning.com/2009/03/06/bric-economies/comment-page-1/#comment-5647 P. Paleri Thu, 12 Mar 2009 06:27:28 +0000 http://www.moneymorning.com/?p=5516#comment-5647 Sorry sir, I do not agree with you for the simple reason that a post mortom done pre-mortem is not valid in strategic thinking. Forecasting is a different ball game. Your article is not forecasting by serious study. Please do not be in a hurry and spread confusion, that too in a derogatory way. It doesn't speak well about the media used for it. There is something known as psyconomics in anlysing money (Read my book to know more on economic security--you got to find it out). There was no BRICK anyway becasue the four countries had their own way of economic planning. I feel they will continue that path irrespective of governments. They should do well. Or rather not bad. Sorry sir, I do not agree with you for the simple reason that a post mortom done pre-mortem is not valid in strategic thinking. Forecasting is a different ball game. Your article is not forecasting by serious study. Please do not be in a hurry and spread confusion, that too in a derogatory way. It doesn’t speak well about the media used for it. There is something known as psyconomics in anlysing money (Read my book to know more on economic security–you got to find it out). There was no BRICK anyway becasue the four countries had their own way of economic planning. I feel they will continue that path irrespective of governments. They should do well. Or rather not bad.

]]> By: Has Anybody Seen the Bottom Yet? http://moneymorning.com/2009/03/06/bric-economies/comment-page-1/#comment-5646 Has Anybody Seen the Bottom Yet? Tue, 10 Mar 2009 10:00:51 +0000 http://www.moneymorning.com/?p=5516#comment-5646 [...] and stock prices, accordingly. The best-run countries of Latin America - particularly Colombia, Brazil and Chile - may also benefit from Asian growth, without suffering high inflation or financing [...] [...] and stock prices, accordingly. The best-run countries of Latin America – particularly Colombia, Brazil and Chile – may also benefit from Asian growth, without suffering high inflation or financing [...]

]]> By: Emerging Markets: Another "BRIC" Hits the Wall... http://moneymorning.com/2009/03/06/bric-economies/comment-page-1/#comment-5643 Emerging Markets: Another "BRIC" Hits the Wall... Mon, 09 Mar 2009 12:53:58 +0000 http://www.moneymorning.com/?p=5516#comment-5643 [...] Editor’s Note: To find out more about The Money Map Report - including a special offer that includes The New York Times bestseller “Crash Proof,” please click here. To read the original article, go here. [...] [...] Editor’s Note: To find out more about The Money Map Report – including a special offer that includes The New York Times bestseller “Crash Proof,” please click here. To read the original article, go here. [...]

]]> By: Dr. Chaks Srinivasan http://moneymorning.com/2009/03/06/bric-economies/comment-page-1/#comment-5644 Dr. Chaks Srinivasan Sun, 08 Mar 2009 22:10:03 +0000 http://www.moneymorning.com/?p=5516#comment-5644 The words "Hindu" and "India" are not interchangeable. One refers to a religion and the other refers to a country. This may not be recognized by all and that may be the reason the term the "Hindu Growth" is used in place of "Indian Growth". I fully appreciated the point of view of the article and am in agreement with most of the points therein. The words “Hindu” and “India” are not interchangeable. One refers to a religion and the other refers to a country. This may not be recognized by all and that may be the reason the term the “Hindu Growth” is used in place of “Indian Growth”. I fully appreciated the point of view of the article and am in agreement with most of the points therein.

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