Friday, October 19, 2012

Chindia - the New Affluent


- By 2020 china and India will be a $10 trillion market for consumer good and services.

- there will be 1 Billion middle class consumers in India and china

- current consumer spending India $991B to $3,584B (by 2020)

- Current consumer spending China $2,036B to $6,187B (by 2020)

- Hence the total is $ 10Trillion by 2020

- In 2000, there were 8 chinese companies, 1 Indian companies in the Fortune 500. In 2010 there were 46 chinese companies, and 8 from India.

- In 2001, China had 1 billionaire and India had 4, Today, there are 115 billionaires in china and 55 in India.

- 83 million chinnes and 54 million indians will become college graduates in current decade (vs 30 million in US)

- China spends $300B annually on public education

- By 2015 the chinese will be the biggest e-shoppers in the world.

- by 2015 1 billion people in india will have cell phones

- by 2016, the home loan market in India will reach $480B

The above stats are not included the non-accountable money in India.

Ref: https://www.bcgperspectives.com/content/articles/captivating_newly_affluent_in_china_and_india

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