The Indian BRIC is firm in the wall

The Indian economy is going through tough times, and it is not surprising that the government has been held responsible for the current state, which appears to be the standard response to any negative economic stimuli. The latest is a view that the economy looks fragile enough to warrant a downgrade in future. While rating of countries is the prerogative of the rating agency which has its own criteria, it would be interesting to examine how India is faring vis-a-vis the other BRICS nations as the context has been against this background.

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