$10 trn COMSUMER SPACE- MARKET OPPERTUNITY

THOSE WHO FOLLOW "MARKET OPPORTUNITY" NEWS, THE REGULAR STOCK MARKET FOLLOW-UP- CAN THINK AND RELATE THIS OPPORTUNITY TO DTH & DIGITAL SERVICES.....STARTED IN EARLY 2000...EVEN NOW WE FIND TIME TO SPEAK ON THE IMPORTANCE AND "MARKET OPPORTUNITY"... BUT WILL SERVE THE DEEPPOCKET HUGE INVESTMENT MODELS..... ....................................................... India, China consumer market to touch $10 trn: BCG

The number of billionaires in India grew to 55 from 4 in 2001

Pradeesh Chandran / Bangalore Oct 02, 2012, 09:39 IST China and India combined will add up to a $10 trillion consumer market by 2020, says 'The $10 Trillion Prize', a book by Boston Consulting Group (BCG).  The book further says that consumer spending in China and India will triple by the end of the decade. According to Boston Consulting by 2020, Chinese consumers will spend $6.2 trillion annually on consumer goods while Indian consumers spend would be around $3.6 trillion. It also said that the newly affluent group and the growth in the middle and upper classes will act as a catalyst for the consumer boom. The book also finds that China which had only one billionaire in 2001 witnessed a tremendous growth and the number grew to 115 by 2012. Similarly, the number of billionaires in India grew to 55 in India from 4 in the year 2001. The book written by BCG consultants Michael J Silverstein, Abheek Singhi, Carol Liao, David Michael also said that China already has three of the world’s top 10 companies by market value. According to the authors, China and India represent both a $10 trillion prize in themselves, and the gateway to global success. In 2000, there were eight Chinese companies and one Indian company in the Fortune 500. By 2010, there were 46 Chinese companies and eight Indian companies. Further, it said by 2015, around one billion people in the country would have cell phones. Around to $350 billion in payment and banking transactions will flow through those phones – more than the total Indian credit- and debit-card market today. According to the BCG global consumer survey, 36% of Chinese and 19% of Indians expect to increase their discretionary spending over next 12 months. http://www.business-standard.com/india/news/china-india-consumer-spending-to-triple-by-2020-study/189325/on