McKinsey says, they want a more comfortable life, and to be able to spend more on discretionary stuff.
And this one, since we have been talking about Government intervention and its pros and cons … city planning, including the aesthetics and architectural vision of a city, are the government’s responsibility. In all the emerging markets, a real-estate boom is raging. Nowhere is this boom more pronounced than in India and China. You have
Republishing this piece to remind readers why urban congestion is a danger that the Tata Nano aggravates: Great article from McKinsey Quarterly, that offers the following projections: * Over the next 20 years, India will likely grow to become the world’s fifth-largest consumer economy, up from 12th now. * A study by the McKinsey Global
By Vijay Nagarajan, Guest Author Nokia (NOK) has the most global footprint in the wireless industry today. While there are several facets of the Finnish company worth discussing, I would like to focus on one of my pet themes – Nokia in India.
From McKinsey Quarterly: A social revolution will soon transform China, and multinationals that do business there can’t afford to ignore it. So far, they have mostly focused on the country’s tiny minority of urban-affluent consumers. But as more Chinese migrate to the cities for higher-paying work, they are steadily climbing the income ladder. By 2011,