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The rise of Asian economies

Posted by cabalamat on 2007-Aug-24

Guess which two countries are the largest markets for mobile phone maker Nokia? India and China, says the BBC:

Mobile phone maker Nokia says India has overtaken the US to become its second largest market in terms of sales. Chief executive Olli-Pekka Kallasvuo made the comment on a visit to India to meet officials, suppliers and clients. Nokia had expected India to overtake the US as its second biggest sales market after China by 2010. Nokia’s focus has shifted in recent years to fast-growing emerging markets such as India, which had a total of 118 million mobile users by July this year.

Which demonstrates how these countries, each with over a billion people, are becoming increasingly important.

Posted in China, India, economics | No Comments »