Before 2014, India's economy was among the 'Fragile Five'. Today it is being recognized all over the world as one of the 'Fabulous Five'.
“Fragile Five” is a concept used by a financial analyst at Morgan Stanley in August 2013 to describe emerging market nations that have grown overly reliant on risky foreign investment to fund their growth aspirations. It comprises Indonesia, Brazil, Turkey, India, and South Africa".
In the last ten years, India has become the fifth largest economy from the 11th largest economy. Morgan Stanley estimates show that India will become the third-largest economy in the world by 2027.
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