India most overpriced Bric nation, says Threadneedle

India is too expensive compared to its fellow Bric countries, says Threadneedle's Julian Thompson. ...

India is too expensive compared to its fellow Bric countries, says Threadneedle's Julian Thompson. As the first Bric summit kicks off in Yekaterinburg, Russia, the group's head of global emerging market equities says he is avoiding India, but adds it has excellent long-term growth prospects. He is immediately focusing on the other three Bric countries, saying China has recently surpassed the US as Brazil's biggest trading partner while also acting as a large provider of capital to both Russia and Brazil. He also points to the recent long-term supply contracts between China and Petrobr...