Video of Mastercard’s Assessment on the Bric Countries.
According to PriceWaterhouseCoopers, China and India show the greatest banking growth potential in the coming decades. Both economies are projected to lead the rise of the E7 (China, India, Brazil, Russia, Indonesia, Mexico and Turkey) through organic growth and M&A activity. The new projections for the banking market, using projected market exchange rates, suggest that the total credit in China could overtake that of the UK and Germany by 2010, Japan by 2025 and the US before 2050. India could also rise from relatively low levels to emerge as the third largest domestic banking market in the world by 2040 and in the long run could grow faster than China.