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India has emerged as the best of the BRICS

  • In BRICS, Brazil has been downgraded to `junk’ and China is battling a growth slowdown.
  • Russia has been the worst-affected by the commodities slump and South Africa’s economy is flirting with contraction.
  • India, on the other hand, is expected to emerge as the world’s fastest growing major economy.

Source: ET

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