KOCHI: The Manappuram Group would be investing close to Rs 1000 crore in its healthcare arm Manappuram Health Care Ltd in the next 5 years to set up a chain of 50 medical, dental and diagnostic clinics across South India.
V P Nandakumar, chairman, Manappuram Group said here that the company plans to set up such clinics in other leading cities across the country. The company opened its diagnostic centre and international dental hospital in Kochi on Wednesday.
The healthcare arm of the group operates under the MAcare brand name. A super specialty medical centre will also come up at the centre shortly. The centre will offer services of expert doctors from all fields of medicine including cardiology, nephrology, neurology and gastroenterology.
A highlight of the centre will be laparoscopic day surgery centre. The centre will also have a pharmacy
Success in my Habit
Saturday, December 10, 2011
Nueclear, GE Healthcare join hands to fight cancer
MUMBAI: Nueclear Healthcare Ltd (NHL), a division of Thyrocare Group and GE Healthcare today announced a strategic partnership to establish a network of 120 molecular imaging centres to control the rapid growth of cancer incidence in India.
These molecular imaging centres, which will be equipped with 120 advanced GE Discovery PET/CT imaging systems and 12 GE PET Trace Medical Cyclotrons, will produce glucose (FDG) to aid the early detection.
GE Healthcare & NHL expect to put in place the network of 120 centres by 2015 in 3 phases, a company statement said here.
With about 2.5 million cancer patients, the disease is one of the major causes of deaths in India. One million patients are added every year and the number is feared to grow five-fold by 2025, which is why the Indian Council of Medical Research ( ICMR) had earlier urged the Centre to make cancer a notifiable disease.
Cancer can be treated and controlled, if detected early - in stages I or II, it said.
However, over 70 per cent of cancer is detected at a very late stage in India, when the treatment is less effective and costly.
While low awareness is one significant reason, unavailability of early cancer detection facilities and availability of experts is the other significant reason.
These molecular imaging centres, which will be equipped with 120 advanced GE Discovery PET/CT imaging systems and 12 GE PET Trace Medical Cyclotrons, will produce glucose (FDG) to aid the early detection.
GE Healthcare & NHL expect to put in place the network of 120 centres by 2015 in 3 phases, a company statement said here.
With about 2.5 million cancer patients, the disease is one of the major causes of deaths in India. One million patients are added every year and the number is feared to grow five-fold by 2025, which is why the Indian Council of Medical Research ( ICMR) had earlier urged the Centre to make cancer a notifiable disease.
Cancer can be treated and controlled, if detected early - in stages I or II, it said.
However, over 70 per cent of cancer is detected at a very late stage in India, when the treatment is less effective and costly.
While low awareness is one significant reason, unavailability of early cancer detection facilities and availability of experts is the other significant reason.
Reliance Infrastructure wins award for innovative training practices
NEW DELHI: Anil Ambani-promoted Reliance Infrastructure (RInfra) today said it has won National Award for Innovative Training Practices for 2011.
"We are honoured to win the national award ... This recognition is a milestone for RInfra...in the face of current global situation, we have embarked on several training initiatives to safeguard our employees' jobs," Lalit Jalan, CEO and Director, RInfra said in a statement.
"I congratulate my team on this significant achievement and reiterate that RInfra will continue to be recognised for its leadership and commitment to people management," he added.
RInfra was conferred the award by the Indian Society for Training and Development.
The infrastructure firm has also won Golden Peacock HR Excellence Award for 2011, and ASTD award for "Excellence in Practice", it said.
"We are honoured to win the national award ... This recognition is a milestone for RInfra...in the face of current global situation, we have embarked on several training initiatives to safeguard our employees' jobs," Lalit Jalan, CEO and Director, RInfra said in a statement.
"I congratulate my team on this significant achievement and reiterate that RInfra will continue to be recognised for its leadership and commitment to people management," he added.
RInfra was conferred the award by the Indian Society for Training and Development.
The infrastructure firm has also won Golden Peacock HR Excellence Award for 2011, and ASTD award for "Excellence in Practice", it said.
AICTE announces dates for CMAT 2012
NEW DELHI: The All India Council for Technical Education (AICTE) has announced the dates for the computer based Common Management Admission Test ( CMAT) 2012 on Thursday. Registration window opens on December 9 for online registration of candidates, while the exams will be conducted from February 20 to 28, 2012 across 61 cities.
Based on a judgment of the Supreme Court of India, the AICTE in order to reduce the burden of students in attending to multiple examinations is launching this first national level admission test for facilitating institutions to select suitable students for admission in management programs approved by the Council for the academic year 2012-13.
The initiative has been taken to address the issue of physical, mental and financial stress being imposed on the students through number of entrance examinations being followed by the institutions for admission into management programmes.
Based on a judgment of the Supreme Court of India, the AICTE in order to reduce the burden of students in attending to multiple examinations is launching this first national level admission test for facilitating institutions to select suitable students for admission in management programs approved by the Council for the academic year 2012-13.
The initiative has been taken to address the issue of physical, mental and financial stress being imposed on the students through number of entrance examinations being followed by the institutions for admission into management programmes.
Shah Rukh Khan, FMCG cos lead TV advertising charts
MUMBAI: Bollywood superstar Shah Rukh Khan, backed by more than a dozen brand endorsements, has emerged as the most visible celebrity on television in the first nine months of the year followed by Katrina Kaif and Kareena Kapoor.
The top ten advertisers list, on the hand, is dominated by the consumer goods majors. While Hindustan Unilever (HUL), Procter & Gamble (P&G), and L'oreal India led the pack, telecoms major Idea Cellular and jewellery brand Gitanjali Gems emerged as the only non-FMCG advertisers on the list, according to TAM, a television audience measurement agency.
Film actors, who continue to dominate television screen space thanks to their multiple brand endorsements, have seen their presence decline, even as sportspersons (read cricketers) led by M S Dhoni and Sachin Tendulkar upped their share by 7% between January-September this year compared to the corresponding period last year.
TAM AdEx, which takes into account advertising volumes for its analysis, said sports celebrities now have 19% share of the overall brand endorsement as seen on television.
Significantly, film actresses accounted for 39% while actors had 37% share. Besides film and sports celebrities, small-screen actors and actresses had 2% share each of the overall endorsement on TV.
As far as advertisers go, the telecom sector, which used to be one of the biggest spenders till recently, has seen its share decline this year as far as its visibility goes with a lone player-Idea Cellular-making it to the top ten list. "While consumer goods players like L'oreal have stepped up advertising in a big way, the telecom brands have not been able to match the pace due to issues surrounding the sector," said R Gowthaman, Leader, Mindshare South Asia, WPP's media agency, which works for HUL, PepsiCo besides others.
"The first half of the year had the cricket World Cup and also the Indian Premier League ( IPL) which meant that a lot of brands with crickets as ambassadors were most visible. But this will come down drastically now with the Indian team having had no time to shoot any new campaigns courtesy a chock-a-block calendar," said Indranil Das Blah, COO at Kwan Entertainment, a celebrity management agency.
Both Dhoni and Tendulkar haven't signed any new deals post the World Cup despite their big win in April. Although, MSD's signing amount has gone up sharply to upwards of Rs 10 crore per annum. But one cricketer who has been on a signing spree is Virat Kohli. He is learnt to have recently signed P&G's Vicks brand making his kitty swell up to eleven brand endorsements at the price of Rs 1.5 crore per year - up from Rs 75 lakh before the World Cup win.
What catapulted SRK to the top spot among brand endorsers is the unprecedented promotion that began a few months before the release of his magnum opus, Ra One, said industry watchers. The actor, who endorses brands like Emami, Hyundai Motors, Dish TV, besides others, charges anything between Rs 7-8 crore per year. "His (SRK) rates are half of what Aamir Khan charges, which makes him more visible. Also, for Aamir brand endorsements are not really his priority at the moment," Blah of Kwan Entertainment added.
The top ten advertisers list, on the hand, is dominated by the consumer goods majors. While Hindustan Unilever (HUL), Procter & Gamble (P&G), and L'oreal India led the pack, telecoms major Idea Cellular and jewellery brand Gitanjali Gems emerged as the only non-FMCG advertisers on the list, according to TAM, a television audience measurement agency.
Film actors, who continue to dominate television screen space thanks to their multiple brand endorsements, have seen their presence decline, even as sportspersons (read cricketers) led by M S Dhoni and Sachin Tendulkar upped their share by 7% between January-September this year compared to the corresponding period last year.
TAM AdEx, which takes into account advertising volumes for its analysis, said sports celebrities now have 19% share of the overall brand endorsement as seen on television.
Significantly, film actresses accounted for 39% while actors had 37% share. Besides film and sports celebrities, small-screen actors and actresses had 2% share each of the overall endorsement on TV.
As far as advertisers go, the telecom sector, which used to be one of the biggest spenders till recently, has seen its share decline this year as far as its visibility goes with a lone player-Idea Cellular-making it to the top ten list. "While consumer goods players like L'oreal have stepped up advertising in a big way, the telecom brands have not been able to match the pace due to issues surrounding the sector," said R Gowthaman, Leader, Mindshare South Asia, WPP's media agency, which works for HUL, PepsiCo besides others.
"The first half of the year had the cricket World Cup and also the Indian Premier League ( IPL) which meant that a lot of brands with crickets as ambassadors were most visible. But this will come down drastically now with the Indian team having had no time to shoot any new campaigns courtesy a chock-a-block calendar," said Indranil Das Blah, COO at Kwan Entertainment, a celebrity management agency.
Both Dhoni and Tendulkar haven't signed any new deals post the World Cup despite their big win in April. Although, MSD's signing amount has gone up sharply to upwards of Rs 10 crore per annum. But one cricketer who has been on a signing spree is Virat Kohli. He is learnt to have recently signed P&G's Vicks brand making his kitty swell up to eleven brand endorsements at the price of Rs 1.5 crore per year - up from Rs 75 lakh before the World Cup win.
What catapulted SRK to the top spot among brand endorsers is the unprecedented promotion that began a few months before the release of his magnum opus, Ra One, said industry watchers. The actor, who endorses brands like Emami, Hyundai Motors, Dish TV, besides others, charges anything between Rs 7-8 crore per year. "His (SRK) rates are half of what Aamir Khan charges, which makes him more visible. Also, for Aamir brand endorsements are not really his priority at the moment," Blah of Kwan Entertainment added.
Virender Sehwag's 219 attracts advertisers; may sign Rs 10 crore deals
NEW DELHI: With his stupendous 219-run show catapulting Virender Sehwag to the top of the one-day cricket record books, the advertisers have rushed in to sign on the flamboyant batsman with deals worth an estimated Rs 10 crore.
In pics: Virender Sehwag smashes 219, surpasses Sachin's 200
The record-breaking innings by 'Nawab of Najafgarh', as Sehwag is commonly known as, has not only made him the top-scorer in a one-day cricket match, it has also enhanced his value in the brand endorsement market, experts said.
A number of inquiries have starting flowing in from potential advertisers and the cricketer could sign atleast 4-5 endorsement deals. These deals could be collectively worth Rs 10 crore a year, going by an estimated annual fee of Rs 2-2.5 crore charged by Sehwag for every brand endorsement deal.
"In the next two months we hope to sign up with atleast 4-5 new brands," sports marketing company PMG Chief Operating Officer Melroy D'Souza told PTI.
PMG, promoted by legendary cricketer Sunil Gavaskar, handles Sehwag's brand endorsement deals.
"He (Sehwag) has come back with a bang and put to rest all the distractors at rest. There were already a few queries coming in for brands, but the interest level has clearly gone up," D'Souza said.
33-year-old Sehwag currently endorses about ten brands, including Adidas, Karbonn Mobiles, Royal Challenge, Hero MotoCorp and Emami's Zandu Balm.
According to sources, the cricketer charges between Rs 2 crore to Rs 2.5 crore for one deal per year.
Playing against West Indies at Indore yesterday, Sehwag broke his role model Sachin Tendulkar's record (of 200 runs) to make the highest score in a one-day match.
After Sachin, Sehwag has become only the second cricketer in the world to score a double-century in one-day cricket.
When asked if Sehwag's fee will jump post his latest record D'Souza said :"All the relationships that he has are for a long term and fee does not change on the basis of one event. However, his yesterday's performance will surely re- enforce brands' faith in him."
In pics: Virender Sehwag smashes 219, surpasses Sachin's 200
The record-breaking innings by 'Nawab of Najafgarh', as Sehwag is commonly known as, has not only made him the top-scorer in a one-day cricket match, it has also enhanced his value in the brand endorsement market, experts said.
A number of inquiries have starting flowing in from potential advertisers and the cricketer could sign atleast 4-5 endorsement deals. These deals could be collectively worth Rs 10 crore a year, going by an estimated annual fee of Rs 2-2.5 crore charged by Sehwag for every brand endorsement deal.
"In the next two months we hope to sign up with atleast 4-5 new brands," sports marketing company PMG Chief Operating Officer Melroy D'Souza told PTI.
PMG, promoted by legendary cricketer Sunil Gavaskar, handles Sehwag's brand endorsement deals.
"He (Sehwag) has come back with a bang and put to rest all the distractors at rest. There were already a few queries coming in for brands, but the interest level has clearly gone up," D'Souza said.
33-year-old Sehwag currently endorses about ten brands, including Adidas, Karbonn Mobiles, Royal Challenge, Hero MotoCorp and Emami's Zandu Balm.
According to sources, the cricketer charges between Rs 2 crore to Rs 2.5 crore for one deal per year.
Playing against West Indies at Indore yesterday, Sehwag broke his role model Sachin Tendulkar's record (of 200 runs) to make the highest score in a one-day match.
After Sachin, Sehwag has become only the second cricketer in the world to score a double-century in one-day cricket.
When asked if Sehwag's fee will jump post his latest record D'Souza said :"All the relationships that he has are for a long term and fee does not change on the basis of one event. However, his yesterday's performance will surely re- enforce brands' faith in him."
FDI in retail: Are commission agents really that bad?
A few days before the government stopped foreign investment in retail dead in its tracks, ET on Sunday caught up with A Mohammad, a commission agent or arthiya at the fruit and vegetable mandi in Okhla in south Delhi.
Such agents are essentially dealers, who buy produce from the farmers and then supply them to everyone, from hotels to the neighbourhood vegetable seller. An executive in an agribusiness company who deals with Mohammad described him as one of the two biggest dealers of carrots in the mandi. "Together, these two arthiyas dominate the trade in carrots," said the executive.
Okhla mandi is much smaller than the giant Azadpur mandi situated in north of Delhi, but it still handles thousands of kilos of vegetables and fruits per day, which pour in by trucks from all parts of India. But to look at him, you wouldn't think Mohammad (everyone in the business calls him Pappu) dominates much of anything. He's the kind of person who you would pass by on any street without a second glance.
When ET on Sunday asked him about his thoughts on the new policy on FDI in retail (still undead at the time), Mohammad said: "I am illiterate. I don't know much about these things." When prodded he did confess to being worried about the new FDI policy, but he actually seemed barely concerned.
Squeezing Both Sides
It is Mohammad, and his fellow arthiyas in Okhla, Azadpur and hundreds of other agricultural markets in the country who are the poster boys for much that is wrong with the trade in agricultural produce, and the reason why foreign investment in retail, or organised retail is needed.
They are accused of contributing to an enormous wastage of produce, and underinvesting in critical market infrastructure such as cold chains which prolong the life of otherwise perishable commodities. They are also seen as squeezing both sides, paying farmers a low price for their produce, holding onto a fat margin, and forcing consumers to pay high prices (officially, the arthiyas in Delhi take a 5% commission on what they buy, with a further 1% being paid as tax to the mandi).
By reaching out and procuring directly from the farmer, by investing in the necessary infrastructure, and by the ability to process large volumes, the big retail chains, whether a Reliance Fresh or a Walmart, would be able to cut out the many intermediaries (anywhere between four and seven) in the current flow of food from farm to a consumer's plate. Farmers would get a higher price and consumers would still be charged lower prices for the goods they buy.
If there is one aspect of the retail trade where this vision of the future will probably be most tested, it will be in the marketing of fruits and vegetables. It is here that the problems of the agricultural trade are starkest, sharp price spikes in one year (or even over a few months), followed by sharp price falls, and high levels of perishability and wastage of produce.
Such agents are essentially dealers, who buy produce from the farmers and then supply them to everyone, from hotels to the neighbourhood vegetable seller. An executive in an agribusiness company who deals with Mohammad described him as one of the two biggest dealers of carrots in the mandi. "Together, these two arthiyas dominate the trade in carrots," said the executive.
Okhla mandi is much smaller than the giant Azadpur mandi situated in north of Delhi, but it still handles thousands of kilos of vegetables and fruits per day, which pour in by trucks from all parts of India. But to look at him, you wouldn't think Mohammad (everyone in the business calls him Pappu) dominates much of anything. He's the kind of person who you would pass by on any street without a second glance.
When ET on Sunday asked him about his thoughts on the new policy on FDI in retail (still undead at the time), Mohammad said: "I am illiterate. I don't know much about these things." When prodded he did confess to being worried about the new FDI policy, but he actually seemed barely concerned.
Squeezing Both Sides
It is Mohammad, and his fellow arthiyas in Okhla, Azadpur and hundreds of other agricultural markets in the country who are the poster boys for much that is wrong with the trade in agricultural produce, and the reason why foreign investment in retail, or organised retail is needed.
They are accused of contributing to an enormous wastage of produce, and underinvesting in critical market infrastructure such as cold chains which prolong the life of otherwise perishable commodities. They are also seen as squeezing both sides, paying farmers a low price for their produce, holding onto a fat margin, and forcing consumers to pay high prices (officially, the arthiyas in Delhi take a 5% commission on what they buy, with a further 1% being paid as tax to the mandi).
By reaching out and procuring directly from the farmer, by investing in the necessary infrastructure, and by the ability to process large volumes, the big retail chains, whether a Reliance Fresh or a Walmart, would be able to cut out the many intermediaries (anywhere between four and seven) in the current flow of food from farm to a consumer's plate. Farmers would get a higher price and consumers would still be charged lower prices for the goods they buy.
If there is one aspect of the retail trade where this vision of the future will probably be most tested, it will be in the marketing of fruits and vegetables. It is here that the problems of the agricultural trade are starkest, sharp price spikes in one year (or even over a few months), followed by sharp price falls, and high levels of perishability and wastage of produce.
Hitachi plans rail car JV in India: Nikkei
Hitachi Ltd plans to sign a joint venture agreement with an Indian firm early next year to assemble rail cars, Japanese business daily Nikkei reported.
The conglomerate plans to export India-made rail cars to Southeast Asian nations, such as Thailand and Vietnam, where it now sells cars made at its Yamaguchi plant, the newspaper said.
To bank on opportunities in India, which is aggressively investing in railway infrastructure, Hitachi wants to wrap up partnership talks early next year and start building a factory as soon as possible, Nikkei said.
The company will also set up a manufacturing base in the UK and plans to build a joint venture factory in Brazil, the business daily reported.
Hitachi expects to boost railway-related sales to 320 billion yen in 2015 from 133.1 billion yen in 2010, with 60 percent of that sales coming from overseas over this period, Nikkei said.
The conglomerate plans to export India-made rail cars to Southeast Asian nations, such as Thailand and Vietnam, where it now sells cars made at its Yamaguchi plant, the newspaper said.
To bank on opportunities in India, which is aggressively investing in railway infrastructure, Hitachi wants to wrap up partnership talks early next year and start building a factory as soon as possible, Nikkei said.
The company will also set up a manufacturing base in the UK and plans to build a joint venture factory in Brazil, the business daily reported.
Hitachi expects to boost railway-related sales to 320 billion yen in 2015 from 133.1 billion yen in 2010, with 60 percent of that sales coming from overseas over this period, Nikkei said.
Bullet train between Hyderabad and Chennai in the offing
HYDERABAD: If Indian Railways has its way, commuting between Hyderabad and Chennai in a few years will be just a little over two hours and terribly cheaper as compared to a flight. Hinting at such a possibility, a senior railway ministry official said in New Delhi on Thursday that a Japanese consortium has bagged the contract for a pre-feasibility study for running a bullet train on the Hyderabad-Vijayawada-Chennai corridor.
If it works out, at a speed of 300 km per hour, the train will cover the 664 km distance between Hyderabad and Chennai in just little over two hours. South Central Railway (SCR) officials became jubilant over such a development, though they indicated that they are still awaiting the details of the project. "Besides reducing the travel time between the two cities by almost 12 hours, the bullet train will transform the economy of the region as well as greatly contribute to the economic growth of both Hyderabad and Chennai," SCR chief PRO K Sambasiva Rao told TOI.
Japan External Trade Organisation (Jetro) and Oriental Consultancy along with Parsons Brinkhoff India has bagged the contract to conduct the pre-feasibility study on the proposed route for running the high speed train, a senior Railway Ministry official said.
Japan's high speed trains Shinkansen operate at a speed of up to 300 km per hour and are known for their punctuality, comfort, safety and efficiency.The consortium will submit the report in seven months. The study is expected to cost the railways about Rs 3. 5 crore. There were 13 bidders for the high speed rail project.
In order to expedite the bullet train project, Railways is in the process of constituting the National High Speed Rail Authority on the lines of the National Highways Authority.
According to an estimate, it will cost about Rs 100 crore to construct a one-km dedicated high speed corridor. As per the preliminary report, ridership revenues would be able to cover the operating cost of the project. State governments and financial institutions are expected to be stakeholders of the high speed rail corridor project as these projects will be executed through PPP mode.
If it works out, at a speed of 300 km per hour, the train will cover the 664 km distance between Hyderabad and Chennai in just little over two hours. South Central Railway (SCR) officials became jubilant over such a development, though they indicated that they are still awaiting the details of the project. "Besides reducing the travel time between the two cities by almost 12 hours, the bullet train will transform the economy of the region as well as greatly contribute to the economic growth of both Hyderabad and Chennai," SCR chief PRO K Sambasiva Rao told TOI.
Japan External Trade Organisation (Jetro) and Oriental Consultancy along with Parsons Brinkhoff India has bagged the contract to conduct the pre-feasibility study on the proposed route for running the high speed train, a senior Railway Ministry official said.
Japan's high speed trains Shinkansen operate at a speed of up to 300 km per hour and are known for their punctuality, comfort, safety and efficiency.The consortium will submit the report in seven months. The study is expected to cost the railways about Rs 3. 5 crore. There were 13 bidders for the high speed rail project.
In order to expedite the bullet train project, Railways is in the process of constituting the National High Speed Rail Authority on the lines of the National Highways Authority.
According to an estimate, it will cost about Rs 100 crore to construct a one-km dedicated high speed corridor. As per the preliminary report, ridership revenues would be able to cover the operating cost of the project. State governments and financial institutions are expected to be stakeholders of the high speed rail corridor project as these projects will be executed through PPP mode.
Global financial assets, including India's, to be worth $317 trillion by 2020: McKinsey
EW DELHI: The value of financial assets worldwide is expected to touch $ 371 trillion by 2020, with emerging economies including India, accounting for about one third of the total amount, says global consultancy McKinsey.
The projected worth of financial assets in 2020 would be nearly double the value of around $ 198 trillion witnessed last year.
These projections are part of a report prepared by the McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company.
In 2010, emerging economies made up for 21 per cent of the global financial assets worth $ 198 trillion.
"Depending on economic scenarios, we project that emerging market financial assets will grow to between 30 and 36 per cent of the global total in 2020, or $ 114 to $ 141 trillion.. China's financial assets could be as much as $ 65 trillion by then, and India's could reach $ 8.6 trillion," the report said.
As per MGI, financial assets are equities, bonds, other fixed-income securities, cash, bank deposits and alternative assets. The value of real estate, derivatives, physical assets such as gold and equity in unlisted companies are excluded.
The report noted that emerging market financial assets grew 16.6 per cent annually over the past decade -- about four times the rate in mature economies.
"These assets stood at about $ 41 trillion in 2010 and constituted 21 per cent of the global total, up from 7 per cent in 2000," it added.
In terms of allocation, investors might put in just 22 per cent of their financial assets in equities by 2020 as compared to 28 per cent in 2010.
"The rise of wealth in emerging nations is the largest factor in this shift, followed by ageing populations and growth of alternative investments," the report pointed out.
Regarding India, MGI said that households are the largest investor class -- holding 42 per cent or accounting for $ 835 billion of the country's financial assets worth $ 2 trillion.
Noting that Indian household investors prefer gold and real estate to financial assets, the report said the government holds more than a quarter of all financial assets.
"This $ 560 billion portfolio is largely invested in bonds and the listed equity of corporations. Banks are also investors, with $ 280 billion in securities...," it said.
The projected worth of financial assets in 2020 would be nearly double the value of around $ 198 trillion witnessed last year.
These projections are part of a report prepared by the McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company.
In 2010, emerging economies made up for 21 per cent of the global financial assets worth $ 198 trillion.
"Depending on economic scenarios, we project that emerging market financial assets will grow to between 30 and 36 per cent of the global total in 2020, or $ 114 to $ 141 trillion.. China's financial assets could be as much as $ 65 trillion by then, and India's could reach $ 8.6 trillion," the report said.
As per MGI, financial assets are equities, bonds, other fixed-income securities, cash, bank deposits and alternative assets. The value of real estate, derivatives, physical assets such as gold and equity in unlisted companies are excluded.
The report noted that emerging market financial assets grew 16.6 per cent annually over the past decade -- about four times the rate in mature economies.
"These assets stood at about $ 41 trillion in 2010 and constituted 21 per cent of the global total, up from 7 per cent in 2000," it added.
In terms of allocation, investors might put in just 22 per cent of their financial assets in equities by 2020 as compared to 28 per cent in 2010.
"The rise of wealth in emerging nations is the largest factor in this shift, followed by ageing populations and growth of alternative investments," the report pointed out.
Regarding India, MGI said that households are the largest investor class -- holding 42 per cent or accounting for $ 835 billion of the country's financial assets worth $ 2 trillion.
Noting that Indian household investors prefer gold and real estate to financial assets, the report said the government holds more than a quarter of all financial assets.
"This $ 560 billion portfolio is largely invested in bonds and the listed equity of corporations. Banks are also investors, with $ 280 billion in securities...," it said.
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