Indian and Chinese households are going to spend $10 trillion per year by 2020, say Michael Silverstein and Abheek Singhi.
Global private financial wealth grew by 1.9 per cent in 2011.
The consumer markets of India and China would together be worth $10 trillion by 2020, according to The $10 Trillion Prize, a book by Boston Consulting Group (BCG).
Consumer anxiety is at the highest levels since the outbreak of coronavirus pandemic in India with the less affluent most skeptical about economic outlook while a majority of consumers think their income in the next six months will be lower than the pre-COVID levels, says a latest study. As per the COVID-19 consumer sentiment research by global management consulting firm Boston Consulting group (BCG) conducted between May 23 and May 28, 2021, covering around 4,000 respondents across metros, tier I, II, III, IV and rural India, 51 per cent of consumers expected their spends over the next six months to be lower. In the last round of survey conducted from July 20 to August 2, 2020, the figure stood at 40 per cent.
Indian consumer market is poised to grow 3.6 times between 2010 and 2020, faster than most other emerging markets.
India needs to create 220 million jobs in the next 15 years and this is only possible by implementing the National Manufacturing Policy, launched recently by the government, says Arindam Bhattacharya, managing director, The Boston Consulting Group (BCG) India Pvt Ltd.
In the G20 countries, the Internet economy will grow at more than 10 per cent annually for the next five years.
Indian Internet economy represents 4.1 per cent of the gross domestic product.
The number of millionaire households in India jumped nearly 21 per cent.
Reliance Industries has been ranked second in the list of world's 10 biggest 'sustainable value creators'.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
Payments and banking transactions through mobile phones in India are expected to touch $350 billion (Rs 1,560 crore) by 2015, according to The Boston Consulting Group (BCG), a global management consulting firm.
India has emerged among the four fastest wealth creator countries in the world and its growth momentum is expected to gather further steam going forward, a global study has said.
Despite high inflation and interest rates, number of Indians wanting to buy expensive products within the same category, called trading up in retail parlance, is among the highest in the world, says a new study.
A senior bank official said the preliminary report would come in three months.
India is likely to count among the top three life insurance and 15 general insurance markets in the world by 2020. However, private insurance companies are to be find a way to operate profitably.
Payments through cash and cheques had accounted for a high 94 per cent of the total transactions in 2003 and the share has been on the downslide ever since.
The list is based on what the employees of these companies experienced over the past twelve months.
As many as 20 Indian companies have been identified, in a list of 100 firms from emerging markets in a report of 'BCG Global Challengers 2011', as businesses that can challenge existing Fortune 500 firms over the next five years.
Getting to the magic growth, however, will require massive increase in investment in infrastructure, in labour force skills and manufacturing capacity.
Global wealth rose by $9 trillion to a record high of $121.8 trillion.
Besides undertaking the routine work, Ahluwalia entrusted the task of revamping the Commission to new member Arun Maira, formerly with the Boston Consultancy Group. "We cannot work is silos. We need better lateral inputs," Ahluwalia had said at a recent internal meeting of the commission.
Besides Parikh, Singh sent letters of appreciation to V L Chopra, B Mungekar and Anwarul Hoda indicating that they may not find a place in the reconstituted body.
Electronic book readers and tablet PCs, known to be niche products for technology geeks, are set to become mass-market devices in this decade, a survey by the Boston Consulting Group has said.
Ordering groceries, vegetables and daily essentials is just a WhatsApp away as billionaire Mukesh Ambani's e-commerce platform JioMart taps into the popular messaging app to scale up online business in its fight for dominance in the giant Indian retail market with Amazon and Walmart-owned Flipkart. Ambani's twin children, Akash and Isha gave a preview of the ordering at Meta's second edition of the Fuel for India event on Wednesday. A new 'tap and chat' option allows users to order groceries through WhatsApp.
In a study titled Internet's New Billion, the Boston Consulting Group said Brazil, Russia, India, China and Indonesia will have more than 1.2 billion Internet users by 2015 -- well over three times the number of Internet users in Japan and the US combined. In 2009, the BRICI countries had some 610 million Internet users.
In a study titled Internet's New Billion, the Boston Consulting Group said Brazil, Russia, India, China and Indonesia will have more than 1.2 billion Internet users by 2015 -- well over three times the number of Internet users in Japan and the US combined. In 2009, the BRICI countries had some 610 million Internet users.
The six-member government-appointed board of scandal-hit Satyam Computer Services today appointed investment banks Goldman Sachs and Avendus to explore various strategic options for the company, which include identifying strategic investors and obtaining expressions of interest from them in a fair and transparent manner.
Does the 21st century indeed belong to the Asian nations?
Anand Raghuraman, partner, The Boston Consulting Group, said it is extremely tough to make money on small food and grocery stores.
China has the third largest number of dollar millionaires in the world, after the United States and Japan, with the number touching 6.70 lakh (670,000) in 2009, an increase of 60 per cent compared to the previous year.
Companies are cutting back on recruitment and training in their bid to cut costs and cope with the current economic slowdown.
According to the research, consumers are willing to spend small monthly sums to receive news on their personal computers and mobile devices.
Notwithstanding their increasing economic power, women are made to feel underserved and ignored by companies they are associated with, said a global study by the Boston Consulting Group.
Reliance Industries has been named as the world's fifth biggest 'sustainable value creator' globally in terms of investor returns over a decade.
Three manufacturing sectors (engineering and construction, industrial commodities and materials and commodities) created more value for its shareholders in last five years than IT or pharmaceutical companies. Engineering and construction companies, led by Larsen & Toubro and BHEL, posted a total shareholder return of 81 per cent in the last five years trailing March 31, 2007, the BCG-CII study showed.
The BCG analysis shows Lupin gave an annualised average TSR of 29.9 per cent, ahead of the 18.4 per cent of Israel-based Teva Pharmaceutical, the world's largest generics maker. Teva is next on the list. Another Indian generic maker, Glenmark, occupies third position, with an 18 per cent TSR to its investors.
Global wealth staged a remarkable comeback in 2009, increasing by 11.5 percent to $111.5 trillion, just short of the year-end peak set in 2007.
Global wealth fell from $104.7 trillion in 2007 to $92.4 trillion in 2008.
In Globality*, authors Harold L Sirkin, James W Hemerling and Arindam K Bhattacharya from Boston Consulting Group, show how, over the past two decades, a range of corporations from the developing world have begun to disrupt traditional paradigm of development and tilted the balance of competition in their favour with their predilection for 'rapid-fire innovation'.
