Going Global in Southern California
SoCal Global Admin
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Posts by SoCal Global Admin
Most of India’s ‘middle class’ earns between 1K and 2K
Aug 24th
Despite its shaky empirical foundations, the myth of the Great Indian Middle Class persists. A new Asian Development Bank report lauds the rise of the Indian middle class and projects it as the engine of global growth. However, according to the definition used in the report itself, the vast majority of this middle class earns between Rs 1,000 and Rs 2,000 per person per month. Only 0.0009% of Indians earn more than Rs 10,000 per month.
The ADB’s Key Indicators for Asia and the Pacific 2010 report released this week has a special chapter on the Rise of Asia’s Middle Classes. Projecting that the Asian middle class will dominate the next two decades (including crossing a billion in India alone by 2030), the report says that Asia’s emerging consumers are likely to assume the traditional role of the US and European middle classes as global consumers, and to play a key role in rebalancing the world’s economy.However, the definitions used to arrive at such conclusions scarcely fit with the traditional definition of the middle class, as those who have not inherited wealth, hold regular jobs and enjoy a degree of financial security that allows them to consume and save and support More >
Commercial Cooperation between the U.S. and India’s emerging regions
Jul 21st
WASHINGTON – As India’s emerging cities and states prepare for significant population increases in the next two decades, Under Secretary of Commerce for International Trade Francisco Sánchez today announced the Growth in Emerging Metropolitan Sectors (GEMS) initiative at the “Accelerating Inclusive Growth: The Future of the U.S.-India Commercial Relationship” seminar in Washington. The initiative will focus on building commercial ties between the United States and India’s emerging regions.
“The growth in emerging metropolitan sectors like Pune and Nagpur will accelerate and form new markets for U.S. and Indian businesses,” Sánchez said at the event jointly hosted by the U.S.-India Business Council and the Department of Commerce. “Developing the economies of these cities and states is critical as we work together as equal partners with mutual interests.”
It is expected that nearly 600 million people will live in India’s urban areas, with 68 Indian cities surpassing one million inhabitants in each of the next two decades. The annual income of households in cities will grow from about $700 billion today and double every five years and reach almost $4 trillion in 20 years.
“If we can work together to harness the potential of these new areas of growth, we can grow the economies of More >
3rd Annual India Trade Conference – Los Angeles, July 29, 2010
May 20th
Access New India Markets
You are cordially invited to the essential annual Los Angeles event on Doing Business with India. The Third Annual India Trade Conference is being presented by Southern California Edison; the Port of Los Angeles; the U.S. Commercial Service, U.S. Department of Commerce; NetIP, USC Marshall, and Quanta Consulting, Inc. Join in the success. Sponsor, participate, and engage. Latest information on conference speakers and sessions at www.IndiaTradeConference.com
CONFERENCE UPDATES: Confirmed speakers include Mr. John Fielder, President, Southern California Edison New York Life is a Platinum Sponsor of the India Trade Conference www.newyorklife.com JetSuite Air signs on as Silver Sponsor of the India Trade Conference www.jetsuiteair.com
The India Trade Conference is being generously sponsored by
Host Sponsor – Southern California Edison Platinum Sponsor – New York Life Silver Sponsor – JetSuite Air Special Sponsor – Port of Los Angeles Special Sponsor – Chubb Special Sponsor – Arroyo Insurance Special Sponsor – California Department of General Services
WHY ATTEND? Keys to Successfully Doing Business with India Insights on the New India Environment and Trends Real-World Case Studies and Interactive Panels Renewable Energy & Social Entrepreneurship Global Risk Mitigation Strategies Funding your Business Growth Valuable Networking Opportunities
DETAILS: Date: Thursday July 29, 2010 Time: 8:30 AM More >
84th Annual World Trade Week & International Trade Delegates Luncheon
May 10th
FTA: 84th Annual World Trade Week & International Trade Delegates Luncheon
Thursday, May 20 2010, 11:00am – 3:00pm
Presentation of the Marjorie M. Shostak Distinguished Service Award
Speaker: Paul Bingham Managing Director of World Trade & Transportation Markets Global Commerce & Transportation Group IHS Global Insights
Thursday, May 20, 2010 11:00 am Trade Fair 12:00 Noon Luncheon
Wilshire Grand Hotel 930 Wilshire Blvd Los Angeles, CA 90009
Inland Empire Global Event on May 20th
May 6th
THINK GLOBALLY: YOUR PASSPORT TO PROSPERITY Grab Your Share of the $50 Trillion World Economy DATE: Thursday, May 20, 2010 TIME: 10:30 AM – 1:30 PM
LOCATION: Ontario Convention Center, 2000 Convention Center Way, Ontario, CA 91764
Description: A fresh look at the role the global economy can play in your businesses future. In honor of World Trade Month 2010, the County of San Bernardino EDA and the City of Riverside are once again partnering with the Inland Empire Economic Partnership to highlight the tremendous regional impact of the rapidly evolving global economy.
HOSTED BY: Inland Empire Economic Partnership Questions about the event please email events@ieep.com Event Details and Registration: http://2010wtm.eventbrite.com/
Strategic Partners: Inland Empire Asian Business Association California Manufacturing Technology Consulting CHARO Center for International Trade Development Inland Empire Women’s Business Center Inland Empire Small Business Development Cente
