According to the data released by the Carpet Export Promotion Council (CEPC), India’s carpet exports touched $1 billion target in 2012-13, with record growth of more than 12 per cent, owing to healthy demand from the US, China, Africa and Latin American markets.
The festival of Holi this year failed to bring smiles on the faces of small-scale manufacturers of colours and Holi accessories like sprinklers.
The new Chinese leadership under President Xi Jinping has told Prime Minister Manmohan Singh it will continue to pursue the positive groundwork laid down by its predecessors to improve ties between the two Asian neighbours, notwithstanding the long-pending border dispute.
At a panel discussion on 'India-China Relations - Beyond Politics and Business,' organised by India China Economic and Cultural Council (ICEC) in the country capital on Wednesday, the participants pointed out that, despite warm and friendly bilateral diplomatic relations, the people-to-people interaction between the two countries is not encouraging.
India's garment industry is losing out to Bangladesh due to rising input costs, especially on labour and tax incentives, a minister has said.
An upcoming report by Techaisle indicates that there will be slightly over 298 million of the total workforce of small and medium businesses (SMBs) worldwide would consist of mobile employees, in the year 2016.
The five BRICS (Brazil, Russia, India, China and South Africa) countries have indentified seven areas of tax policy and tax administration for cooperation.
The India-China Economic and Cultural Council (ICEC Council), on January 10, 2013, hosted a high-powered business delegation from China, which is expected to travel across India to explore trade and investment opportunities.
China will host the first South Asia trade expo in Yunnan province in June aimed at promoting economic and cultural cooperation between the two regions.
India and China are ranked 119th and 136th respectively and both economies are "unfree" according to the 2013 Index of Economic Freedom published annually by The Wall Street Journal and The Heritage Foundation.