Goldman Sachs economist joins BRICs growth story

Goldman Sachs global economist jumps ship and lands at India's Future Group.
Roopa Purushothaman, economist and member of the global research team covering worldwide thematic issues at Goldman Sachs is joining India's Future Group. This is the entity through which IndiaÆs largest retail chain, Pantaloon, is spearheading its foray into the financial services space.

Purushothaman will be head of economics and strategy for the group and will combine an understanding of economics, anthropology and scenario planning to look at the evolving consumer trends and preferences for the group as a whole and specifically for the investment vehicle, Future Capital Holdings.

Purushothaman joined Goldman, Sachs in 2000 with a bachelors degree from Yale and an MSc in development studies from the London School of Economics. During her tenure at Goldman, Purushothaman worked on some path-breaking research.

She co-authored a paper titled, ôDreaming with BRICs : The Path to 2050ö in which the firm forecast that by 2050 the BRICs (standing for Brazil, Russia, India and China) economies could be larger in US dollar terms than the G6 consisting of the US, Germany, Japan, the UK, France and Italy. This paper and itsÆ follow-up piece ôThe BRICs and Global Markets : Crude, Cars and Capitalö have become internationally renowned for their conclusions. Purushothaman and her colleagues used emerging market GDP growth, per capita income and currency movements to forecast a potential global economic realignment.