By diverting grain and oilseed crops from dinner plates to biofuels, world is confronting a dangerous new bubble called food inflation. (What Is Inflation? – explained here)
Rice, wheat and corn – the price of the world’s three main grains, have all more than doubled in the past year.
- The grain it takes to fill an SUV tank with ethanol could feed a person for a year.
Indian entertainment and media (E&M) industry will touch $27 billion by 2011 at an annual growth rate of 16.7 %.
According to the report by Federation of Indian Chambers of Commerce and Industry of India (FICCI) and PricewaterhouseCoopers (PWC) Indian Entertainment industry will grow faster than its counterparts in Brazil, Russia and China (BRIC countries)
Image :Developed and Emerging Markets
Emerging regions such as Asia/Pacific, Latin America, the Middle East and Africa will continues to rise and generate IT spending of $1.1trillion in 2008, according to Gartner
Brazil, Russia, India and China (BRIC Economies) will lead this growth, according to Gartner, and spending in those four states will make up a third of all developing world IT spend.
Coca-Cola‘s quarterly sales in North American restaurants and other food service outlets declined 3 % due to economic pressures and recession fears.
But, Coke had seen its highest growth since 1998, with strong growth in emerging markets including (BRIC Countries )China, India, Russia and Brazil.