The report of follow-up (2004) The global economics team at Goldman Sachs launched a follow up their initial study of BRIC in 2004. This new report takes the analysis a step further and focuses on the impact that growth in these economies will have on global markets. The report estimated that the participation of the BRIC economies in global economic growth could rise from 20 in 2003 to over 45 in 2025. Also, their total weight in the global economy would rise from about 10 in 2004 to over 30 in 2025. Moreover, between 2005 and 2015 over 950 million people in these countries will have crossed the annual income threshold of 5,000. In 2025, it is estimated that approximately 600 million people in these economies will have annual incomes above 25,000. Alan Quasha Therefore, demand huge collection not be restricted to basic goods but also more expensive branded goods.According to the report, first China and India, a decade later, Brazil, will surpass the U.S. as the largest automobile market in the world. Although the balance of growth shows a decisive shift towards the BRIC economies, the average wealth of individuals in more advanced economies will continue to average above the BRIC economies. Goldman Sachs estimates that by 2025 the per capita income of the G6 (G8) exceed 35,000, while nearly 340 million people in the BRIC economies will have similar income levels. The report also highlights the great inefficiency of India in energy use and mentions the dramatic under-representation of these economies in global capital markets. These contradictions highlight the enormous populations that exist within the BRIC, which makes it relatively easy to obtain an aggregate wealth to eclipse the G6 despite the continued existence of per capita income levels below the average for industrialized countries today.This phenomenon will also affect global markets for multinational corporations seek to exploit the huge potential markets in the BRICs producing, for example, cheaper automobiles and other manufactured goods to reach consumers within the BRICs in lieu of the luxury models generate most of the profits to manufacturers. India, Brazil and China have already begun to make its presence felt in the services and manufacturing sectors in the global arena. The developed economies of the world have already taken a serious note of the fact.