via Thaindian News
With India and China among the top five economies, developing countries now produce 41 percent of the world’s output, up from 36 percent in 2000, according to the World Development Indicators (WDI) 2008. Measured at gross national income, the United States is still the largest economy, producing $13.2 trillion worth of goods and services; but China is number two, and India is number four, a senior world bank official said Friday.
“So we have two developing countries in the top five, and we have three more in the top 12,” noted Eric Swanson, programme manager, World Bank Development Data Group, taking it as a pointer to growth of the developing world and its movement into the global economy.
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Mahindra assembles its Cimarron 4×4 in Uruguay. Also, potential to sell its Scorpio SUV in LatAm. Scorpio was conceptualized and built for USD 150 million. At a fraction of the cost of other SUVs.
reportonbusiness.com:
Anand Mahindra was at the World Economic Forum in Davos, Switzerland, last year when Robert Lane, chairman of U.S. farm equipment concern Deere & Co., approached him.
“I’ve been to your dealerships and seen all your manuals,” he told Mr. Mahindra, whose Mumbai-based Mahindra & Mahindra Ltd. has been taking on the maker of John Deere tractors in the U.S. market.
Well, replied Mr. Mahindra with a laugh, “that’s good news and bad news.”
The bad news is that the world’s biggest tractor maker has put Mahindra & Mahindra in its sights. The good news, both for Mr. Mahindra and India, is that a behemoth like John Deere is worried enough to bother.
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