India, Bangladesh to Be Dominant Members of 7% Club, Says StanChart’s Jha

The video discusses the importance of achieving a 7% growth rate for emerging economies, highlighting historical examples like China and Korea. It explores factors such as young populations, urbanization, and the rise of the middle class that support this growth. The video also identifies countries like India, Bangladesh, Vietnam, and Ethiopia as potential members of the 7% growth club, emphasizing the role of global supply chain integration and export-led industrialization in driving economic growth.

Which countries have been part of the 7% growth club for several decades?

• India and Bangladesh

• China, Korea, Singapore, and Taiwan

• Brazil and Argentina

• Vietnam and Philippines

What is a key demographic factor supporting economic growth in India and Bangladesh?

• Aging population

• Low urbanization

• High literacy rates

• Young populations

How does urbanization contribute to economic growth in emerging markets?

• By lowering the middle class

• By reducing the labor force

• By increasing demand for goods and services

• By decreasing investment opportunities

Which regions are seeing countries join the 7% growth club due to integration into global supply chains?

• Middle East and North Africa

• ASEAN and Sub-Saharan Africa

• South America and Oceania

• North America and Europe

What strategy are countries like Vietnam and the Philippines using to drive economic growth?

• Agricultural expansion

• Export-led industrialization

• Import substitution

• Tourism development