Emerging Market Economies
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Most of the countries in the world tell about the case of India and China, the two emerging market economies for their respective GDP growth. India’s over decade success is a better example in this regard.
The slow reforms process has brought more success for the country like India in the recent years.
The BRIC report of Goldman Sachs forecasted that between 2000 and 2050 India’s GDP will increase by 60 times and China’s by 40 times.
Let us compare how both India and China, the two emerging market economies are behaving in economic spheres.
Though above discussed emerging economies of the world are experiencing a better euphoric environment presently, still to what extent they are able enough to maintain this.
The much feared oil prices reached a record level of $78 per barrel. The world oil production is around 85 millions barrels per day presently.
Both the countries are expected to require 160 millions and 60 millions barrels per day respectively by the year 2050. But the question arises that to what extent both the nations are able enough to meet this demands. Really it has put a great pressure on the part of planners in the two emerging economies.
