date:Nov 28, 2012
especially for new technologies or new suppliers.
Ranshinge: Though both the countries have got robust domestic markets and are growing economies and have been achieving a good economic growth in last 10 years, they are now both under slowdown. The economic growth forecasted for India and China is 4.9% and 7.8% from earlier levels 8% and more than 10%, respectively. In India, the factors responsible for economic growth are increased trade deficit, high rate of inflation and high interest rate.