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Will India and China grow wealthier faster than other nations?

Created by : Anita Sawant, M & A Advisor, SBI Caps  | 06 12 2010 08:28:23 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : india china nation superpowers richer wealthier
Activity:  723 views;  last activity : 07 12 2010 08:12:16 +0000

According to a recent repot, most probably, emerging markets like India and China will see faster wealth creation in the future. According to Global management consulting firm Boston Consulting Group (BCG) in its 10th annual Global Wealth report, China and India will generate triple the growth of other countries from 2009 end to 2014.

http://indolinkenglish.files.wordpress.com/2009/06/india-china-flag.jpg

The recovery in wealth, which offset the 10% dip in global assets under management in 2008, was driven by resurgent financial markets and increased savings. BCG projected that global wealth would grow at an average annual rate of nearly 6 per cent from 2009 year-end through 2014, much slower than the sharp recovery last year but still higher than the 4.8 per cent annual growth rate from 2004 year-end through 2009.

So users, do you think India and China will grow wealthier faster than other nations?

  
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There's no doubt that wealth will continue to grow faster in emerging markets, fueled by strong economic growth. The number of millionaire households across the world rose by about 14 per cent in 2009 to 11.2 million. The rate in which these two countries are becoming rich is clearly showing their golden future.
By Anita Sawant, M & A Advisor, SBI Caps  06 12 2010 08:28:23 +0000
 
Top Argument
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In present scenerio, the answer is "Yes". Further, we must not forget BRIC countries where these two are included.

In recently held G-20 Meeting, openions of India was of prime importance. Our FM got more importance than ohers.

-- India must get due weitage in World Bank/ IMF

-- Should be made a permananet member of UN Security Council

 

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Growing of more and more millioneers may not necessarily reflect growth and prosperity of a country , this is necessarily a Western concept now embedded into ours thinkings

 - whatch how their concepts are collapsing every day in Europe, Greeceand Mexico or else where.

 - what is wanted in India is "Inclusive Growth"

 

 
By ASOKE KUSARI, Domestic Private Banking-Executive/Manager, A large leading PSU Bank - India  06 13 2010 08:10:46 +0000
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WELL SCOPES ARE MORE.
By HEMANT VERMA, Marketing and Branding, NAVNEET PUBLICATION INDIA LTD.  | 07 12 2010 08:12:15 +0000
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It is now all most certain that India and Chaina will be able to create more wealth than other nations. In India the problem is distribution of wealth if that is taken care of then every Indian will be as wealthy as their counterpart in West.

The process may take a decade or a little longer.
By Rathin Deb, Advisor and retail consultant, currently as Branch Manager, Tower Infotech Ltd  | 07 11 2010 15:05:13 +0000
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Yes both the countries are now developing in a good manner and we might soon be better than any other nation if we work towards it and strive for it .As of now china is much better than India in few things but India is making efforts to reach that way
By Reshmi , Senior Recruiter, Replicon  | 06 14 2010 05:43:53 +0000
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Anita,

Both the Asian countries are highly civilized countries with proven expertise in Finance and Trade even before the present developed countries got civilized. That is the main attraction and interest evinced by the Westerners attempted to rule the Asians. There are historic evidences to establish these facts. The fact could be realized from the stability that we maintained during the economic crisis that the developed Global Countries faced.

 

Certainly we the Asians shall be the Rulers of the future Global Financial Empire.
By G C Jagadeesan, Retired Client Banker - Corporate Banking, ICICI Bank  | 06 13 2010 14:37:02 +0000
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Anita you are right China and India both are developing with very high growth rate as comparison to any other country. And regular growth always leads to wealth. Although overall performance of China is much better than India but India is also growing faster than rest of world. 


By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 06 12 2010 13:50:05 +0000
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Its complete americanisation of India. Its a bubble and its goin to burst. Growth should be associated wit wealth creation but we are are gettin into debt trap. People earning 3lakhs per month are not able to save any money most of the earnings are contributing towards EMI payments. Its a complete trap by MNC only God can save India
By Sunil Bedi, Managing Operations, Hari Om Motors  | 06 13 2010 17:48:20 +0000
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