BRICs move Towards Better Paying Sectors, Rapidly Increasing Consumer Spending Power


All of the BRICs are seeing a decline in low paid primary industries such as agriculture, fishing, hunting and forestry work towards higher paid sectors such as construction, transport, communications, trade, hotels and restaurants. This is set to fuel a further rise in the consumer spending power of the BRIC nations, which will see a combined average increase of nearly 60.0% in real terms in their annual disposable incomes from 2013-2020. This will create opportunities for FMCG businesses.