Feeling the financial Pain by BRIC

BRIC, acronym stands for Brazil, Russia , India and China basically one of the highest growing economy in the recent times, and according to some of the industry experts in coming years, may become biggest economies in the World.

But recent financial crisis in US and Europe recently affected this BRIC economies, while stock markets in this region have almost lost their 50% of their valuations in recent times. Liquidity crisis, credit crunch, inflation , unemployment, layoffs, bad consumer sentiments are looming all over this BRIC economies, thus forming a bad time for these economies.

But this financial crisis, really helped these BRIC industries to remove themselves from the dependencies of developed economies, and instead of more export centric, try to build their own domestic consumption, diversify their business, develop an inhouse R&D facilities.

Though it will be difficult to keep themselves aloof in this flat world, but it will certainly help them to move smoothly in this financial crisis.

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Thanks&Regards,
Mohit Kumar