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Industry output to expand 6.1% in 08-09: CMIE
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Signs of Recovery in Indian Economy
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India –US at G-20 Summit

The Prime Minister, Dr. Manmohan Singh meeting the US President, Mr. Barack Obama on the sidelines of G-20 Summit, in London
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Remarks by Prime Minister and President Obama during their press interaction
President Obama: I just wanted to say a brief word about the importance of relationship between the United States and India. We are the world's two largest democracies. India, like America is full of diversity, full of energy and it is a complicated place like the United States is complicated.
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President of India visits Spain and Poland

The President, Smt. Pratibha Devisingh Patil inspecting the Guard of Honour during a ceremonial reception given to her at Presidential Palace in Warsaw, Poland |
The President of India, Smt. Pratibha Devisingh Patil, on was on a State Visits to Spain and Poland from April 20 to April 27, 2009. "I am delighted to be visiting Spain and Poland. Both are countries with which India has close relations, which we wish to further deepen and strengthen. During the visit, a composite business delegation comprising members of CII, FICCI and ASSOCHAM accompanied the president. |
India among top 12 manufacturers, finds Unido
New Delhi, Source: The Financial Express
United Nations Industrial Development Organisation (Unido) found that the share of developing countries in the world’s manufacturing value-added output has almost doubled in the last 18 years due to the shift of production units and outsourcing of services from developed nations.
Unido in the International Yearbook of Industrial Statistics 2009 stated that developing countries produced almost 30% of world manufacturing value added (MVA) at the end of 2008 as compared to 16% in 1990. The per capita MVA doubled as early as 2006, while the industrialised world achieved merely 30% increase, it added.
Among developing countries, those in Asia account for nearly ¾ of the total MVA. China alone produces 42% of MVA among all developing countries.
For India, the growth rate of MVA output rose from 6.9% in 2000-2005 to 12.3% in 2005-2007. The MVA per capita grew 10.6 % in 2005-2007 compared to 5.2% in 2000-2005. The share of MVA in India’s gross domestic product (GDP) stood at 14.8% in 2006 compared to 13.8% in 2001, Unido stated in the yearbook. Manufacturing still contributes around 15% of GDP of the country.
According to Unido analysis based on 2007 figures, India ranks among the top 12 producers of MVA. In textiles, the country is ranked fourth, after China, USA and Italy; while in electrical machinery and apparatus it is ranked fifth. It holds sixth position in the basic metals category; seventh in chemicals and chemical products; 10th in leather, leather products, refined petroleum products and nuclear fuel; twelfth in machinery and equipment and motor vehicles.
Among industrialised countries, Japan accounts for most MVA per capita, followed by Switzerland, Singapore, Ireland, Finland, Sweden, USA, Germany and Austria. Luxemburg, Republic of Korea, Denmark, Iceland, Canada, Belgium, United Kingdom, Norway, Netherlands, Italy and France come lower down the list.
“Although in most industrialised countries, the share of manufacturing is decreasing due to the increasing role of service sectors and outsourcing of production activities abroad mainly to developing countries, manufacturing still accounts for more than 20% of the GDP of Japan, compared to the 17 % average for all industrialised countries,” Unido said in the 15th publication of the yearbook. The organisation said production of information and communication technology products has strengthened the performance of relatively smaller economies like Singapore, Ireland and Finland. “As a result, they have outperformed relatively larger economies such as the USA, Germany, Canada and France,” the yearbook stated. |
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India is free from Swine flu. The Department of Animal Husbandry, Dairying & Fisheries has already issued necessary advisory to all the State Governments to maintain a precautionary vigil on the swine population for any flu-like symptoms.
In order to provide factual information on Swine Influenza in livestock, the Department has also set up a Control Room in 297 – C, Krishi Bhavan, New Delhi, which functions from 8 A.M. to 8 P.M.
Tele-Fax: 011-23384190.
Hotlines:09818002564, 09868712375 or 09868792726. |
Nano launched
The much awaited TataNano, widely acclaimed as the world’s least expensive car, was launched on 23 March at ParsiGymkanaat Mumbai. This car is expected to hit the roads by July 2009. It is expected that TataMotors would produce 50,000 Nanosthis year from their interim facility at Pantnagarfactory. The production at the new factory, being set up by the company for manufacturing this car at Sanandin Gujarat, is expected to commence in 2010. The annual capacity of the new plant would be 250,000 units initially.
Tata Nano will be available in three variants –Standard, CX and LX. Tata Nano Standard is the base model with a price of Rs. 112735 ex-factory at Pantnagar. TataNanoCX and LX are the more expensive varieties and would be fitted with air-conditioning, two toned seats and central locking (only in LX). The launch of this car had attracted attention of the international media and it is believed that this could be a path breaking step in the history of automobile industry. |
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Indra Nooyi rated fourth among Fortune 500 Women CEOs
Indra Nooyi, Indian American CEO of Pepsico, has been ranked fourth in the Fortune 500 Women CEOs list among "15 women (who) show what it takes to lead" the biggest companies. The listing says that Nooyi, 53, has contributed to the increase in the company's top-line revenue and raised its goodwill profile in several areas. The revenue rose by 10 per cent in 2008 to US$ 43.3 billion. Nooyi has dynamically led PepsiCo to focus on health-conscious and female consumers, resulting in new low-fat and low-calorie products. Fortune also said that Nooyi has announced big expansions abroad – US$ 500 million in India, US$ 1 billion in China and US$ 3 billion in Mexico. Patricia Woertz, 56, chairman, president and CEO of Archer Daniels Midland (ADM), who spent thirty years in the oil industry before joining ADM, topped the list of women leaders of firms from various sectors such as health care, food, retail and technology. |
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India ranks second in medical tourism
A two-year study by healthcare researchers at Deloitte Inc has revealed that India ranks second in medical tourism. In 2007, Indian hospitals treated 450,000 foreign patients as against 1.2 million patients by Thailand, which topped the list. GE Healthcare, the medical devices unit of General Electric Co., plans to invest $25 million in a special laboratory in Bangalore that would simulate the complete environment of a hospital to test new products in an attempt to make India a strategic centre for its global healthcare equipment market. |
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