India’s economy has not escaped the global downturn. But growth is still much higher than the developed world. Aggressive rate cuts and a fast-growing service sector will help revive the economy. Mike Caggeso picks two deeply undervalued Indian companies with a strong potential for profits.

International Living’s Ronan McMahon says real estate investors have another opportunity to tap into the booming Costa Rican property market at a basement price. The far South of the country contains some of the best scenery, but it has always been almost impossible to reach. A new international airport and better roads will soon change that. And government limits on new development will send existing property prices will soar.

Plunging crude oil prices and currency weakness are creating a crisis in Russia that makes the US look like a boomtown. Financial turmoil is mounting pressure on the Kremlin, says Andrew Snyder. And the resulting desperation could lead to some interesting profit plays.