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May.15
12:01 PM ET
Thursday, 15 May 2008
Erin Burnett in Search of Global Market Movers
Posted By:Ariel Nelson
Topics:United Arab Emirates | India | Economy (Global) | Stock Market
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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.
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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
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] - HDFC Bank [HDB
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- ICICI Bank [IBN
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- Tata Motors [TTM
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- Wipro [WIT
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TOPIC : United Arab Emirates
TOPIC : Economy (Global)
COMPANY : ICICI Bank Limited
COMPANY : HDFC Bank Limited
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