Posted on 08/28/2009 9:46:56 PM PDT by OldSpice
India has announced measures to help its exporters, as it warned that the rate of growth of the country's exports would continue to slow.
Commerce Minister Anand Sharma said the government expected growth to slow from 25% in the year to 31 March 2009 to 15% for the year ending March 2011.
To help exporters, the government will introduce tax breaks, and waive some import duties on capital goods.
The rate of India's export growth has slowed for 10 straight months.
"This year we are witnessing one of the most severe global recessions in the post-war period," he said.
"Fortunately India has not been affected to the same extent as the other economies of the world."
(Excerpt) Read more at news.bbc.co.uk ...
And we wonder why India is attracting corporation after corporation.
This is why Global Free Trade doesn’t work unless it is also Fair trade.
This is a winning position just waiting for the GOP to pick it up.
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