Hoping to attract a flood of foreign direct investment to fuel India’s growth projected at 9 percent, Finance Minister Pranab Mukherjee on Friday announced an expenditure heavy union Budget 2010-11. He said the government will spend Rs. 11.09 trillion (US$239...
If current trends hold, in 20 years China’s cities will have added 350 million people, more than the entire population of the United States today, totalling almost a billion urban dwellers. Meanwhile India’s urban population would’ve soared from 340...
After keeping mum on its stance on the yuan revaluation, on Tuesday, India said that it would favor a stronger chinese currency which would ease balance of trade deficits. Exports from China to India have grown faster than Indian shipments to its northern neighbor...
About to commence in 10 days, the Shanghai Expo 2010 is not a trade fair. Businessmen should not expect to visit the Expo to display their products, meet potential buyers or sellers or pass around cards to network. Further, attending the expo without setting up prior...
Cotton is the new iron ore. Just as a spurt in the domestic demand of iron ore jolted Indian tax authorities to up duties on iron ore exports to China, similarly following rising domestic prices, duties have been imposed on cotton exports to the middle kingdom. With...
Chinese automaker Shanghai Automotive Industry Corporation (SAIC) will soon get a say in shaping the burgeoning Indian auto market as representatives of SAIC will sit on the board of General Motors India. The re-organisation of GM India’s board is due to a new...
