Fragile-five days long gone as funds pile into India, Indonesia
The term "Fragile Five," originally encompassing Turkey, South Africa, Brazil, India, and Indonesia, identified countries deemed vulnerable due to their significant dependence on foreign investments for economic growth. Since the phrase's inception in 2013, the perception of India and Indonesia's financial health has dramatically improved. Last year, despite a global sell-off in debt markets, India and Indonesia attracted a substantial $14 billion in foreign investments in their bonds.
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