India: Mehul Srivastave for BusinessWeek reports that India’s $1.2 trillion economy may be among the world’s first to come roaring out of the global recession, as government data showed it grew by 7.9% in the third quarter. Industry grew 9.2%, compared with 5.1% in the year-earlier quarter. Many are thinking that the worst may be behind India, which boasts a young, entrepreneurial population. (Seven more ways to access BRICs).
China: China is considered to be not just an economic leader among the BRICs, but a leader in the entire world. The country has a growing consumer base, a rising middle class and cities that are building up rapidly, positioning the large nation to become an economic superpower. If all goes according to plan, China could be on its way to becoming the world’s second-largest economy, behind the United States and surpassing Germany and Japan on the way. (China’s reverse brain drain; our loss?)
As more evidence of the strength of the BRICs, According to Denis Dymokin for Forbes, the four BRIC countries are discussing a possible increase in their financial contribution to the International Monetary Fund (IMF). (More on the BRIC ETFs.)
Visit our special report on the BRICs for a complete list of all the options for investing in these growing economies.
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