india economy

How Emerging Markets Can Avoid Getting Burned by Hot Money

Foreign capital flowing into emerging markets can be dangerous, but it also has its benefits. Developing countries need to protect themselves against the risks while profiting from the dangers. But how? Here are three things they need to do.

India's Economy Grows Most Since 2007

India%u2019s economy grew at the fastest rate in two and a half years in the second quarter, driven by rising wages and consumer spending. Gross domestic product increased at an annual pace of 8.8 % in the three months through June, Bloomberg News reported. In the first quarter, the economy grew by 8.6%.