Finance, Forex and Investments

Can BRIC(BRAZIL,INDIA,RUSSIA,CHINA)economies could ever replace the dominance of US economy?

Public Comments

1. By 2020.
2. As long term investor, Russia is the best place to invest. China will soon be involved with many controvasies by next 15 years. India though growing well and its economy can easily beat anyone in the world at present, but the fact is-prevaling corruption in all sectors in this country and Urban chaos will finish this country too, Well brazil has great resources but coz of language barrier it will have the same fate. Whereas Russia is changing very fast and best ROI on purchase of land, IT biotech, security devixes manufacturing and Pharma trading. But Best ROI in land in Russia in next 15 years. If you want to have secured retierment plan-then invest in Russia by buying more and more land
3. Not even the BRIC it is going to be India and china alone from the predictions on the experts and current condition of the growth both the countries are doing.
4. The U.S. dollar in comparison to the Indian Rupee is 40 times stronger .... it reflects the GDP of the country. So if ever the Asian countries need to replace the "dominance" of the U.S. Economy, the GDP would have to increase many folds. Taking the current scenario in mind, it would take us 5 - 10 years at a consistent rate to get to where the US Economy is GDP wise.