Some more on the latest BRIC (Brazil,Russia, india, China) Report
Posted : October 24, 2004 at 11:06 am [IST]
” The share of the four nations in world growth could double from 20% in 2003 to 40% in 2025. Industrialisation in India and China could push the world growth rate to above 4% over the next few years.
” BRIC will have a major impact on the energy markets, which clearly are the pressure points for growth.
” BRIC will emerge as big consumer markets in the next phase to be followed by their prominence in the capital markets.
” In the next three years itself, the number of people with income over $3,000 (middle class) could double and touch 800 million in a decade, which is higher than the combined population of the US, Western Europe and Japan.
” In India, the middle class is expected to increase 14 times in the next 10 years, compared to 10 times in China.
” By 2025, BRIC could have over 200 million people with incomes of over $ 15,000.
” In global oil, China’s contribution would remain high but is likely to peak in 5-10 years and would decline steadily thereafter.
” In oil, India’s impact will become more important and its contribution to global demand growth could overtake China’s in 15 years. India’s share of actual oil demand could nearly double and gradually converge on China’s by 2025. China and India together will then account for almost one-third of the global oil demand.
” India’s growth in car ownership is expected to be slower than China’s over the next few years. While India has the potential for a three-fold increase in car ownership over the next 10 years, China can achieve the same in the next three years.
” China and India may emerge as the world’s number one and number two car markets, with the former overtaking the US within 20 years.
” BRIC’s importance to global equity markets would rise from a paltry 3.5% now to around 10% by 2020. In the next 10 years, market capitalisation of BRIC economies could quadruple to $ 4 trillion, with China and India accounting for 60% of the total.
- Indra
Category: Industry/Management |
Leave a Comment