Emerging economies, diverging paths: India and Brazil’s divergent paths in mutual fund penetration

News Snapshot:

The above chart is always intriguing, how Brazil has different levels of Mutual Fund (MF) penetration although it is part of the emerging market or has a developing country tag! The global trade and economic landscape has been changing, especially in the aftermath of the COVID-19 pandemic. Countries that were relevant in the past in terms of their dominance over global trade are now losing their stronghold. This trend was primarily precipitated by the 2008 Global Financial Crisis (GFC), a time when India and Brazil became entwined through BRICS – a group of emerging countries that found their place on...