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Issue No. 53 - June/July 2010

India: in search of best practice

by Natasha Malani

India has one of the fastest growing economies in the world. In its 2010-11 budget, the Indian Government expects to exceed the 2009-10 GDP forecast of 7.2% and has set itself the challenge of crossing the ‘double digit growth barrier’.

They appear to be on track to achieve this goal given manufacturing sector growth in December 2009 was 18.5% – the highest in the past two decades. The Government is also amongst the first few countries in the world to implement a broad-based counter-cyclic policy package in response to negative fallout from the global slowdown.

“The Australia India Business Council has been working hard to build relationships with India, to assist our members and promote trade with this opportunistic market,” says Natasha Malani, President of the Australia India Business Council SA Chapter.

Opportunities exist for SA business in a diverse range of sectors including renewable energy, food processing, mining, advanced manufacturing, agribus...

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