Investment manager and author Ruchir Sharma's pursuit of the next 'breakout nations' - the states that have the ability to sustain rapid growth - has raced to the bestselling books list in India, its publishers have claimed.
In Breakout Nations, Sharma, Morgan Stanley's head of emerging market equities, tries to explore the future economic green fields of the world, and interestingly gives India just a 50-50 chance of continuing its journey as a breakout nation.
The publisher Penguin says the book, that was released on April 23rd, is already in its second reprint.
"We are delighted that Breakout Nations shot straight to No 1 in India. It is a pathbreaking book on emerging markets and the only book you'll ever need to understand new economies, it's going to be our biggest non-fiction book this year," says Ananth Padmanabhan, vice president sales, Penguin Books India.
The author and investment fund manager has spent a week each in different developing nations, and the book is his attempt to gauge the strengths and weaknesses of these countries.
As China slows down the economic growth path and India and Brazil face their own problems, he predicts that the new powerhouses will emerge from unexpected quarters such as Turkey, Indonesia and Poland.
