BRICS+: 2QCY21: India vis-a-vis other emerging markets - Motilal Oswal
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/5202ccc2fce0ef1a434e01dc9ac0fa45.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
BRICS+: 2QCY21: India vis-à-vis other emerging markets
2QCY21: India vis-à-vis other emerging markets (EMs)
* Although CY21 showed a promising start, new variants are leading to renewed COVID-19 waves. Still, equity markets continue to surge, bond markets broadly seem relaxed, and EM currencies have been stable against the USD in 2QCY21. Of our sample of 10 EMs, Brazil and Russia have done large rate hikes in CY21, while the South African Reserve Bank has reduced its Balance Sheet significantly.
* The fiscal deficit, however, remains high in most EMs. The base effect and reopening of the world economy has led to strong growth in merchandise exports across EMs, though the current account balance has worsened in a few nations in 1QCY21. Nevertheless, the massive rise in forex reserves and subdued imports implies that the external situation remains extremely comfortable in most EMs.
* This quarterly publication provides a comparative analysis of macroeconomic conditions in the world’s 10 major EMs. Quite often, these economies are clubbed together as a basket, especially in terms of portfolio allocation.
The 10 EMs included in this publication are:
* 1. Brazil (BR), 2. China (CN), 3. India (IN), 4. Indonesia (ID), 5. South Korea (KR), 6. Malaysia (MY), 7. Russia (RU), 8. South Africa (SA), 9. Taiwan (TW), 10. Thailand (TH).
To Read Complete Report & Disclaimer Click Here
For More Motilal Oswal Securities Ltd Disclaimer http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html SEBI Registration number is INH000000412
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/3 Rupee.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/arete securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Narendra modi_869.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Granules India Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/australia23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Oil and gas Sector_4.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Asianshare.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)
Monthly Debt Market Update, September 2023: CareEdge Ratings
![Quote on RBI decision to discontinue the incremental cash reserve ratio (CRR) By Dr. Manoranjan Sharma, Infomerics Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/3fb5395769079c26d9056714d034c581.jpg)
![Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: Ajay Chaudhary](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/07e25a74a16d5c092d179215565d0295.jpg)
![3 Centres of Excellence set up by TIDCO finding good traction: Tamil Nadu Minister](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/e6ff15c8d3a72074f69cb881ab6584e7.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/bc578a13493c2273c65acd4d1c5b110b.jpg)
Changes to India's Standing Deposit Facility Rate since April 2022
![Ports, roads to get major investment boost in India, cargo volume to grow up to 8 per cent](https://portfolio.investmentguruindia.com/uploads/news/Ports_5679.jpg)
![India to still remain lower middle country by 2047 if growth rate remains at 6%: Former RBI Governor](https://portfolio.investmentguruindia.com/uploads/news/RBI 27 oct.jpg)
![Small suppliers on e-commerce platforms should be permitted to undertake inter-state supplies without GST registration: GTRI](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/c87ca9a6a7144a7688b7dabce61a9202.jpg)