India immune to global crisis
Jim O'Niel, the man who coined the term "BRICS" economies, and in some ways drew attention to their potential, is sticking to his call, despite heightened global uncertainties. Policy makers across the world maybe wondering if the optimistic theories about decoupling between Wall Street and Dalal Street were a case of wishful thinking. But Goldman Sachs believes that economies like India will remain largely immune to the global crisis.
