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Current DateTime: 07:05:45 09 Feb 2012
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ABOUT BY THE NUMBERS

Our market specialists dig deep into Wall Street’s daily metrics, crunching the numbers to help you become smarter about the market so that you can make better investment decisions. By The Numbers details the daily drama, the winners and losers, how the day stacks up historically, and how the numbers can offer a glimpse of the future.
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Current DateTime: 07:05:45 09 Feb 2012
LinksList Documentid: 30111251

Erin Burnett in Search of Global Market Movers

Published: Thursday, 15 May 2008 | 12:01 PM ET
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By: Ariel Nelson
Director of Market Data & Content Services

Erin Burnett has been travelling the globe in search of the market movers of tomorrow.  So far she has been to Dubai, will be in Mumbai, India tomorrow and goes to London next week.  Here is a comparison of the economies of her first two visits. 

Both India and the United Arab Emirates (Dubai is one of the Emirates) have had incredible growth with the IMF projecting more than double-digit GDP growth for each country in 2008.  However, with the dramatic differences in population sizes the distribution of that growth becomes a story of national vs. individual wealth.  India has a $1.2 trillion economy, but with its 1.1 billion people, the per capita GDP is ~$1,100.  In contrast, the UAE is one sixth the size of India in GDP but with 5 million people, its per capita numbers are over $50,000. 

The Bombay Stock Exchange's SENSEX Index closed today at 17,353 up 2.2% for the day but down 14.5% YTD.  Some SENSEX constituents that trade in the US include:

  • Infosys Technologies [INFY  Loading...      ()   ]
  • HDFC Bank [HDB  Loading...      ()   ]
  • ICICI Bank [IBN  Loading...      ()   ]
  • Tata Motors [TTM  Loading...      ()   ]
  • Wipro [WIT  Loading...      ()   ]

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