BRICs must realign their economies

.....In many ways, Brazil’s economic imbalance is similar to that of India’s. Both countries need to rebalance their economies from consumption to investment. The Reserve Bank of India has been struggling to combat inflation, despite high policy rates.  Although India’s investment rate is relatively higher at 35 per cent of GDP, growth in private corporate investment has fallen sharply over the past few quarters due to lack of policy reforms, supply-side bottlenecks and high interest rates........

Read- HBL