India's trade deficit fell to a two and a half year low after it raised import duties and exports soared due to the weak rupee.
Economic growth in India is forecast to beat out last year. The emerging economy is thus on track to regain the title of the world's fastest growing major economy, once again overtaking China.
Trump’s decision to end the Iran nuclear deal will hit the Iranian economy, although with China and the EU not on board the impact may be less severe than some fear. How Iran's banking system fares could tell us more.
It was the American investment bank Goldman Sachs that first dreamed of the rise of aspiring emerging economies. It established a nice-sounding fund, BRIC, in 2001 to entice investors from around the world.
The leaders of the world's most populous and powerful emerging economies are meeting over the weekend to look for ways to bolster their club and ease tensions among them. But it's uncertain whether they will succeed.
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