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WHAT DOES BRIC STAND FOR?
· Brazil ­ Russia ­ India ­ China
· Supposedly their combined economies will
surpass the rest of the worlds nations
economies combined
· It has now been suggested that the MINT
economies are the next rising economies
that will be in the top 10 economies by 2015
· Mexico ­ Indonesia ­ Nigeria - Turkey…read more

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WHAT'S SIMILAR BETWEEN INDIA AND
CHINA?
· They have large populations
· They're emerging from poverty
· They have very high growth rates
· They are becoming increasingly powerful
· They're privatizing their state owned
enterprises
· They're trying to reduce regional variations
in average incomes…read more

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POPULATION SIZE
India China
In next 2 decades is expected to
1 in 5 people live in China
surpass china's population
In the future its population will
be younger than Chinas so will be By 2030 population is anticipated
more able to fill job vacancies ­ to start dropping. [Aging
will only work if education population]
improves
4-2-1 hypothesis. One child, two
parents, 4 grandparents. [ less
people able to work]…read more

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ECONOMIC GROWTH + PREDICTED
ECONOMIC POWER
India China
Can get close to USA GDP by 2030 Will be worlds largest economy by
2020
Growth rate slowed in 2012 Growth rate slowed in 2012.
367 million will be lifted out of poverty Several hundred million people been
by 2015 lifted out of poverty
Average annual GDP growth from 2004 Average annual GDP growth from 1989
to 20011 was 8.4% to 2011 was 9.3%…read more

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INDIA AND CHINAS ECONOMY…read more

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