Brazil economy: Brazil offers India an uncomfortable lesson. A large democracy can grow fast, build industry, reduce poverty and still fail to sustain momentum if public finance, investment and social equity pull in different directions.

Brazil is the world’s ninth-largest economy and Latin America’s largest, with GDP of about $2.14 trillion and per capita income near $9,400, roughly three times India’s. Its economic base remains commodity-heavy: iron ore and soya beans for China, besides oil, beef, sugar, orange juice and coffee. It also makes aircraft, placing Embraer behind Boeing and Airbus in global aviation.

Read More