Between 2010 and 2020, Chinese and Indian consumers will spend some $64 trillion on goods and services. Chinese consumers will spend approximately $41.5 trillion, with annual expenditures reaching more than $6 trillion in 2020. Indians will spend $22.5 trillion, with annual spending hitting an estimated $3.6 trillion by 2020. Combined, they will be spending some $10 trillion per year by 2020—more than three times what they spent in 2010.
That’s what U.S. politicians and business leaders should be talking about: the promise of China and India as engines of future U.S. growth.