K.R.

(Vish)Vishwanath

Great Recession 2008-09 deepest synchronized contraction in the world economy since 1930s Emerging Markets first to turn around Recovery eventually spread to G7 with support of massive fiscal and monetary intervention Global recovery to proceed at varying speeds

Against this backdrop CEOs are saying

GPD

Index: 2003=100

5.0 3.0 1.0

GDP

120.0

100.0

80.0 -1.0 -3.0 -5.0

Confidence
60.0

40.0

2003

2004

2005

2006

2007

2008

2009

2010

Date of Survey

Employment (Y-Y %Change)

Employment Index (Up Down + 100)

170 160

2.50

Employment

0.50

150
140

-1.50

130

Employment Expectations
-3.50

120 110

100
-5.50 90

2003

2004

2005

2006

2007

2008

2009

2010

Date of Survey

IMF estimates 2010 growth at 9.7%, 2011 growth at 8.4% Contrast that with global growth at 4.8% and 4.2 % respectively Indias leading indicators all continue to point up Growth driven largely by investments driven by strong corporate profits

Development going on in almost every sector of the economy India will need about a trillion $$ in infrastructure investment in the next 10 years India a contradiction of sorts 70 % of India is still in the rural and semi urban areas Huge opportunity for BOP marketing and Microfinancing

Technology can be as powerful a tool for addressing barriers and inefficiencies at the bottom of the pyramid as in more established markets. (Prahalad and Hammond) The Cell Phone is an example - that is today contributing significantly to GDP growth Approximately 450 million subscribers today Lot of commerce takes place on the cell phone

Reliance Money Both in the deposit and the loan markets Affluent rural community savings rate of 30+% experiencing negative returns in the banking system Loan market - $30 - $300 Difficult proposition no credit history

How can you take advantage of opportunities presented? Not just in India Across Asia, Africa and Latin America How can you contribute?

Thank You