Grossly indebted BRIC economies!

IIPM MANAGEMENT INSTITUTE

Overview
Brazil
The general government debt and the long term debt of Brazil have witnessed a minimal increase of $26 million and $ 20 million, respectively in the first quarter of this year, as compared to 2006 Q2 figures. The bank debts and the direct investment has been on the surge, the bank debts stand at $49.913 billion and direct investment figures stand at $33.462 billions. The gross external debt has increased by 21%.

Russia
The general government debt and the long term debt have been on the decline for Russia. The 2007 Q1 figures for the two stand at $43.3 billion and $40.93 billion, respectively. On the other hand bank debts & direct investment have increased to $110.01 billion and $29.03 billion, respectively. The gross external debt has increased to $339.3 billion in 2007 Q1 from $288.8 billion in 2006 Q2.

India
The general government debt and the long term debt both bear equal figures; they stand at $48.6 billion in 2007 Q1 as compared to $45.87 billion in 2006 Q2. The banks debt has been continuously on the surge; there has been an increase of 12% in bank debts in 2007 Q1, as compared to the same figures in 2006 Q2. The gross external debt too has increased to $155.03 billion from $132.27 billion.

Hong Kong, China
The general government debt at the end of 2007 Q1 stands at $1.667 billion, as compared to $1.631 billion at the end of 2006 Q2. The long term debt too bears the same figures. The bank debt has increased by 11% to $337.6 billion and the direct investments have decreased by 4.8%. The gross external debt stands at $509.9 billion in 2007 Q1, as compared to $472.87 billion in 2006 Q2.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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