There is lately a lot of focus on BRIC club. And within BRIC on India.
- Jim O Neil, its creator feels time not yet over for BRIC but thinks India the most disappointing..
- Ruchir Sharma feels BRIC was just a clever marketing construct. Has recently added, pre 2003 of 5-6% growth will be the new normal for India
- Finally the latest is S&P warns India could be the first BRIC to lose its investment rating.
India had all the factors to become the most impressive member of of the BRIC Club – demographics, diverse economy, very large market, top Indian companies etc.
However, since 2011-12 India has turned out to be the most disappointing story.
Raghu Rajan in this article tries to connect the dots: