The $10 Trillion Prize
 
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The $10 Trillion Prize:Captivating the Newly Affluent in China and India

 

Meet your new global consumer... You've heard of the burgeoning consumer markets in China and India that are driving the world economy. But do you know enough about these new consumers to convert them into customers? Do you know that:

(1) There will be nearly one billion middle-class consumers in China and India within the next ten years?

(2) More than 135 million Chinese and Indians will graduate from college in this timeframe, compared to just 30 million in the United States?

(3) By 2020, 68 percent of Chinese households and 57 percent of Indian households will be in the middle and upper classes?

(4) The number of billionaires in China has grown from 1 to 115 in the past decade alone?

In "The $10 Trillion Prize," bestselling author Michael J. Silverstein and his The Boston Consulting Group colleagues in China and India provide the first comprehensive profile of the emerging middle class, primed to transform the global marketplace. Already the world's biggest buyers of cars, mobile phones, appliances, and more, these consumers are eager for more products and services. In fact, it's estimated that by 2020, consumers in China and India will generate about $10 trillion of total annual revenue for companies selling to them. This book explains who these consumers are--what they buy and why, how they think and shop, and how their needs and tastes are changing. It takes you into their lives so you can better understand what they want and what they're looking for. Only by fully comprehending the forces driving this new generation of consumers will your company be able to capitalize on the opportunities their buying power represents. Insightful and backed by rigorous research, this book takes you inside the hearts and minds of today's emerging Chinese and Indian consumers--both urban and rural, and across all income levels--positioning your company to win as the next wave of global affluence reaches the marketplace.

 

About the Authors

 

 

Michael J. Silverstein is a leader of The Boston Consulting Group's global Consumer practice. He specializes in helping the senior leadership of large multinationals transform their companies through superior consumer insight, accelerated organic growth, and M&A. His clients include some of the world’s largest and most prominent consumer goods companies and retailers. He is a frequently cited expert on consumer buying behavior, retail and packaged goods innovation, and market development.

 

 

 

Abheek Singhi is the leader of Boston Consulting Group's India consumer practice.

 

 

 

Carol Liao is a partner and managing director in BCG’s Hong Kong office and the head of the firm’s Center for Consumer Insight in Asia.

 

 

David Michael is BCG's Expert Global Leader—Global Advantage Practice San Francisco

 


Book Details

 

Author: Michael J. Silverstein, Abheek Singhi, Carol Liao, David Michael 

Pages: 336

Language: English

Binding: Hardcover

ISBN: 9781422187050