11.58 PM Thursday, 12 December 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 05:32 06:51 12:15 15:12 17:34 18:53
12 December 2024

India's growth to speed up in 2010

India's Minister of Commerce and Industry said as he demanded better access to China's markets to help exports. (REUTERS)

Published
By Reuters

India's economic growth will accelerate this year, India's Minister of Commerce and Industry said as he demanded better access to China's markets to help exports.

Anand Sharma's call for greater access for Indian goods comes amid a widening trade gap between the countries.

Trade between the two grew rapidly to $50 billion (Dh183.5bn) in 2008, making China India's second-largest trading partner, but fell back to $43bn in 2009 as global trade declined.

"We have an imbalance, a gap in trade, which we need to meaningfully address," Sharma told a forum in the Chinese capital.

 

Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.