2. Asia 5
Bringing you a flavour of business
trends in Asia...in just 5 minutes
A Futures Coaching initiative
www.futurescoaching.com
3. more workers
India will add 10 million new workers to its population every
year til 2025 (i.e. the equivalent to the size of Portugal each year)
Goldman Sachs' says: “India's demographics are astonishing, the most
favourable in the World”
4. hard work culture
In smaller companies, an Indian manager will typically work
11 hours a day, 6 days a week
5. clever workers
India has second largest pool of
science and engineering
graduates in the world and
churns out 2.3m per year
(source: Ernst and Young)
6. entrepreneurs
12 largest
population of
Highest Net
Worth
individuals in
the World
(source: Merrill Lynch,
World Wealth Report)
7. spending power
The number of middle-class Indians
will swell to 267Mn by 2015 – up 67%
from today's levels
(source: National Council for Applied Economic Research)
Per capita incomes are $3703 in
PPP-adjusted terms
(source: IMF, 2011)
Economically, Goldman Sachs
forecast that, by 2050, India could
be 30 times bigger than today
making it easily the third biggest
economy in the World
8. versus China
India has huge differences
some positive, some negative
- Autonomous regions
- Bickering democracy
- Antiquated caste system
- Competing faiths
- Complicated colonial heritage
- Poor transport
- Credible legal system
- English language speaking
- Home-grown technology companies
9. but poverty
In 2010, 37% were below
poverty line (source: Economy Watch)
Whilst 82% of the Worlds'
population is literate, only
67% are in India
Only 11% have health
insurance
10. but corruption
India is ranked 95th in a
corruption perception
index (source: Transparency
International, 2011)
In 2011, the planned anti-
corruption bill failed to
pass into law
Billionaire Ajay Piramal
wants to invest but says
“the problem is not
opportunity...it's India”
11. but paralysis
In 2011, Indian Parliament
passed just 22 laws – the
second fewest since 1952
After a bust up inside
Parliament in December
2011, the opposition
spoke darkly of “the
murder of democracy”
http://www.youtube.com/watch?v=Fu8uqMEmyRE
12. but protectionism
Will they, won't they?
After it looked, finally,
that India would open up
its retail to FDI, the
measure was blocked yet
again in December 2011
13. LONDON • PARIS
Website: www.futurescoaching.com
Blog: http://futurescoaching.typepad.com
Email: chris@futurescoaching.com