Suman Bery: Meditations on Chapter 1

This year's Economic Survey illuminates the many uncertainties facing emerging economies

Suman Bery

These are confusing times for emerging economies. Led by China, following the financial crisis these economies were the locomotives of the world economy. But since 2010 their collective performance has weakened steadily. Of the celebrated BRICS, only India and China continue to maintain traction. By contrast, the advanced economies have maintained their fitful and slow healing after 2008, admittedly with extraordinary and continuing monetary stimulus, and with inflation and nominal interest rates at unprecedentedly low levels. Accordingly, one way to read this year's excellent Economic ...