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Press Release: Developing world's share of global investment to triple by 2030, says new WB report

Press Release: India: By 2030 India and China will dominate global saving and investment, says new World Bank report

Press Release Economic Times: India's share in global investment to double by 2030: World Bank

Conversable Economist Blogspot: The Third Age of Financial Globalization

WB Econ: India's global investment share to double by 2030

India's share in global investments expected to almost double by 2030, a World Bank report said today.
"In less than a generation, global saving and investment will be dominated by the developing world with India's share in global investments expected to almost double by 2030.

No other country except China will be investing more than India globally," says the latest edition of World Bank's Global Development Horizons (GDH) report.

Among the developing countries, China and India are expected to be the largest global investors.

"The two countries together will account for 38 per cent of the global gross investment in 2030. In fact, developing countries' share in global investment is projected to triple by 2030 to three-fifths, from one-fifth in 2000," the World Bank said.

Commenting on the findings of the report, World Bank senior vice president and chief economist Kaushik Basu said "in less than a generation, global investment will be dominated by the developing countries. And among the developing countries, China and India are expected to be the largest investors".

India Express Mumbai Limited
Document Source: Press Trust of India (India)
Document Date: 6/4/2013

India to be a global powerhouse for investments and savings by 2030: World Bank
Partha Sinha

MUMBAI: Across much of the developing world, robust growth over the next 17 years will be associated with high investment rates. As a result, by 2030, the combined share of China and India in world's total investments would be about 38%, compared to the combined share of all the high-income countries, including US, a report by the World Bank pointed out.

"Under the gradual convergence scenario, Brazil, India and Russia, together, will account for more than 13% of global investment in 2030, more than the United States," WB's report, titled Capital for the Future: Saving and Investment in an Interdependent World, noted. The report said that in future, the patterns of investment will involve not only geographic shifts but also sectoral ones, mainly showing a marked tilt towards services.

"As countries become richer, demand shifts toward services....In the gradual convergence scenario, services as a share of total investment in developing countries will grow from 57% to 61%," the report said. This shift will lead to increased demand for education, healthcare and infrastructure, and also a global drift "toward greater trade in services and a larger share of services being embedded in tradable goods," it pointed out. WB estimates that by 2039, India will reach its maximum ratio of working to non-working age population with 2.2 working person for every non-working one.

"But already by the mid-2020, when most of the other developing countries will experience less favorable demographic trends, India will be one of the economies with the highest ratios of working to non-working population," it said. This, jointly with its large population and growing incomes, are the key explanations of why India will become a powerhouse in global savings and investment, the report noted.

Document Source: Times of India (India)
Document Date: 6/5/2013

Feature: Developing countries to dominate global saving and investment, but the poor will not necessarily share the benefits, says report

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Event: Capital for the future: saving and investment in an interdependent world
12 June 2013 16:00 - 17:30 (GMT+01 (BST))
Venue: Overseas Development Institute and streamed live online




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